Canada has a sizeable opportunity to become one of the world’s leaders in the lithium-ion battery market, but that potential needs to be recognized and nurtured by regulators and miners, Benchmark Mineral Intelligence director Simon Moores told the House of Commons on Monday.
Moores, who joined a parliamentary discussion on Canada’s role in building a domestic and global lithium-ion battery ecosystem, said the combination of natural resources and a highly-skilled workforce should make it easy for the country to create a sustainable value chain for battery materials.
Canada is rich in lithium, graphite, nickel, cobalt, aluminum and manganese, key ingredients for advanced battery manufacturing and storage technology.
Having most of the highly-demanded raw materials, however, is not enough. Without an ecosystem that allows for the creation of a market and industry for batteries, Canada could miss the chance to position itself as a top competitor in the global electric vehicles battery supply chain.
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