OTTAWA – Federal Innovation Minister Francois-Philippe Champagne is selling Canada’s battery-supply chain prowess in Asia again this week, but this time he has a new boast in his back pocket.
Research firm BloombergNEF pushed Canada’s position in its annual global ranking of battery-producing countries ahead of everyone else but China. “That’s something I’m going to use very much on my trip in Asia, to say we have what Asia needs,” Champagne said.
The survey ranks 30 countries with a significant presence in the industry, be it in the mining of raw materials to the production of batteries and their component parts. The first version in 2020 ranked Canada fourth, and in 2021 fifth, after mining outputs fell and regulatory hurdles mounted.
But Canada has announced more than $15 billion in investments over the past 10 months in areas ranging from critical mineral mining and processing to battery component manufacturing, electric vehicle production and the country’s first gigafactory.