Mining firm Canada Nickel Co Inc. plans to develop a nickel processing plant in Ontario that would cost US$1 billion and be North America’s largest once completed.
The plant would have capacity to produce more than 80,000 tons of nickel annually, and should begin operations by the start of 2027, the Toronto-based miner said in a Thursday press release. The company also plans to build a stainless steel and alloy production plant to process nickel and chromium concentrate, which would cost an additional $2 billion, according to Chief Executive Officer Mark Selby.
The plans aim to fill a gap in North America’s electric vehicle supply chain, which broadly lacks the infrastructure to process and refine key materials like nickel, copper and lithium. The vast majority of metals that are extracted from mines in the region are shipped to China for processing, before returning to North America for domestic auto manufacturers.
For the rest of this article: https://www.bnnbloomberg.ca/canadian-miner-plans-1-billion-nickel-processing-plant-for-evs-1.2032504