and South Korea’s POSCO Chemical Co. Ltd. for the construction of a $400-million battery parts plant in Bécancour, Que.committed hundreds of millions of dollars to an effort by automaker Stellantis NVand South Korea’s LG Energy Solution to build what will be Canada’s first zero-emissions vehicle battery plant in Windsor, Ont.
During Nemaska’s restructuring, a British private equity firm, Pallinghurst Group, acquired the company. By the time the mine and processing plant in Bécancour are completed,Pallinghurst is under no illusions about the huge amount of time, patience and capital needed to be successful in the battery metals industry.
Over the very long term, Ontario is betting on the elusive Ring of Fire minerals project. Despite mountains of hype over the past 15 years, the project, located in the boggy James Bay Lowlands in the province’s Far North, has never been developed. The single biggest line item related tois $1.5-billion for infrastructure to support new mines. Some observers believe that money will go to the Ring of Fire.
The Globe and Mail reported last year that Ottawa has made it clear it is open to funding the road construction alongside the Ontario government, which has pledged $1-billion. To date, neither level of government has actually followed through with the funding.“In our conversations with them, they understand how important the Ring of Fire is,” Mr. Giacovazzi said. “We’re supportive and happy to see that the federal government has actually set aside so much funding for critical minerals projects.
We will need some Congolese children to help with this. Their expertise can provide much needed insight and they accept lower wages.
what no posts about mines or winter or needing 10,000 km range? Trolls are slacking off.