Canada to invest $2 billion on mineral strategy for EV battery supply chain

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Canada's federal budget will include an investment of at least C$2 billion ($1.6 billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said.

MINERALSince it can take many years - even a decade or more - to open new mines, Wilkinson said some of the projects being considered involve "tailings from existing mines from which you could extract critical"We're looking at brines and oil sands, tailings ponds, and all of those things," he said.

Brendan Marshall, the vice president of economic and northern affairs for the Mining Association of Canada, said this kind of project would require research. "There needs to be research and development" to develop technologies that can identify and separate criticalstrategy will focus on, among other things, driving research, innovation and exploration, one of the sources said.

GM said on Monday that it was investing C$2 billion on two plants, including one that will produce an electric vehiclewith South Korea's POSCO ChemicalScott Bell, the president and managing director of GM Canada, said last month that Canada's abundance of nickel and other raw materials would be used to make cathode active material is that our country has, so we need to start aggressively ramping up the mining and processing required," Canadian Industry Minister Francois-Philippe...

"We are behind the eight ball collectively in the West, behind China," Karayannopoulos said in a telephone interview. "China is dominating this space ... We need a lot of money because we're playing

 

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How much are they going to invest on the environmental impact these batteries have when they die

Bandaid solution, typical. The answer is redesigning our communities so we don’t need to rely on cars. Maybe in the next life

The massive amount of environmental damage that will be caused in an attempt to supply materials for car batteries will be unsustainable and will result in the failure of the ev industry.

Ivanhoe Mines ? Mining ClimateAction

Canada hands out money to car company. Canada invests in mining minerals for EVs. I wonder what car companies do. Just rack profits and hand out bonuses?

The stenographers are busy pushing Dear Leaders EV agenda. A quick 'Copy & Paste' narrative story from Reuters allows to ignore that the $2 billion should be spent on health care, & potable water for FN. Keeps Bell Media rolling in Media Fund cash.

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Canada to invest $2B on mineral strategy for EV battery supply chainCanada's federal budget will include an investment of at least $2 billion for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. How is that 'climate' friendly in any way....? Lmao, surely mined by fossil fuelled machinery 👌 & that will be good for environment, how?
Source: CTVNews - 🏆 1. / 99 Read more »

Canada may have hit its long-awaited electric vehicle turning point | CBC NewsCompelling carmakers to sell a specific percentage of EVs has been proven to work not just in places like California but right here in Canada. Despite evident reluctance by manufacturers to make the shift to electric, this could be the turning point. Government Interfering with market forces never works. Ever. California is not Canada. It’s warm and LA isn’t Toronto, or Montréal or Regina. Lefty pipe dreams. cdnpoli Overall reduction in vehicle number and size/weight beats shift to electric only. Better public transport and more walkable communities are vital. A dose of reality for all you zealots, will any of it come from Canadian resources? Doubtful, our current govt wants noth8ng to do with its own countries prosperity. Just tax us into submission
Source: CBCNews - 🏆 2. / 99 Read more »