This is Canada’s first NDP prime minister,’ said one Liberal
The reaction to the most recent cabinet shuffle from a number of current and former Liberal caucus members was visceral.
“They (the current leadership) are vandalizing the economy,” said one senior Liberal (a shopworn phrase that in this case is justified.) “Business-oriented Liberals are apoplectic,” he said.
Four out of the five automakers in Canada have announced plans to build battery manufacturing facilities in the U.S.
Ever since U.S. President Joe Biden announced in March that his administration would invest US$174 billion “to win” the electric vehicle market, Canadian industry officials have been wondering how that influx of money would affect this country’s auto sector.
Batteries are expected to supplant the engine as the central and most valuable component in a vehicle, and so industry groups are keen to see at least one major battery cell manufacturing plant built in Canada to ensure the industry remains vibrant in the future.
https://www.thesudburystar.com/
No new nickel mines and the world’s decarbonization initiative to stop global warming will absolutely fail
The thunder from down under has been reverberating through Ontario’s Ring of Fire mining camp – located roughly 500 km northeast of Thunder Bay – as Australian mining giants BHP and Wyloo Metals are fighting a bruising bidding war for Noront Resources. The junior exploration company owns the Eagle’s Nest nickel/copper potential mine, as well as extensive world-class chromite deposits and other mineral-rich promising ground.
BHP is the largest mining company in the world, whose current CEO, Mike Henry, is a Canadian, while Wyloo Metals is owned by Fortescue Metals, founded by mining billionaire Andrew ‘Twiggy’ Forrest, and is the world’s fourth-largest iron ore miner.
The U.S. Forest Service on Wednesday proposed a 20-year ban on mining in Minnesota’s Boundary Waters region, a step that would block Antofagasta Plc’s Twin Metals copper and nickel mine project.
The announcement reversed a decision by former President Donald Trump and set off a review of how mining could affect the popular outdoor recreational area. It freezes issuance of new mining leases or permits in the region for two years.
NEWRY — The richest known hard rock lithium deposit in the world lies a few miles northeast of the ski slopes of Sunday River and not far from Step Falls, where swimmers can wade in shallow pools formed by hundreds of feet of cascading granite ledge.
Smaller deposits have been known in Maine for decades, but this recent discovery, just north of Plumbago Mountain in Newry, is the first to have a major resource potential.
South Africa-based Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) is buying two nickel and copper mines in Brazil from private equity firm Appian Capital Advisory in a $1 billion deal that boosts the company’s growing battery materials portfolio.
The acquisition of Atlantic Nickel and Mineração Vale Verde from Appian is Sibanye’s fourth battery metal investment this year, and follows a buy in September of a 50% stake in ioneer Ltd’s (ASX: INR) lithium-boron project in Nevada.
WASHINGTON/OTTAWA (Reuters) -Canada said on Friday that U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and fall foul of trade agreements, according to a letter seen by Reuters.
Separately, a Canadian government source expressed confidence a solution would eventually be reached but said Ottawa might have to launch a challenge through the United States-Mexico-Canada (USMCA) trade deal.
According to the latest report (August 2021) from Roskill, the leading consultancy in critical metals supply chain intelligence, the outlook for the lithium market is dominated by rapid and sustained demand growth, driven by the use of lithium-ion (Li-ion) batteries in automotive and energy storage applications (ESS).
Furthermore, Roskill expect that fundamental changes in operation size and the range of lithium production sources will be needed to meet forecast demand growth and avoid a growing supply deficit and for this to succeed, producers will require adequate lithium compound prices to attract investment and incentivise the develop of lithium resources, a factor which is expected to see lithium prices well supported over the period to 2031.
Oct 21 (Reuters) – Low global supplies of copper – a key metal used in wiring, electric vehicles and other electronics – will crimp global climate ambitions unless regulators green light more mines, the chief executive of Freeport-McMoRan Inc (FCX.N) said on Thursday.
The warning comes as global leaders plan to discuss climate mitigation efforts later this month at the COP26 conference even as some host communities and environmentalists increasingly oppose new mines for so-called strategic metals.
Rio Tinto (ASX, LON, NYSE: RIO) joined the rising chorus of companies and analysts warning of an imminent and “significant” supply gap for lithium, as demand for the metal used in electric vehicles (EV) and green technologies continues to soar.
The world’s second-largest miner, which greenlighted in July the $2.4 billion Jadar lithium project in Serbia, believes the supply gap needs to be addressed “within the next ten years.”
The forklift, that vehicle with a pronged device in front for lifting heavy loads that’s found mostly in dingy warehouses and out-of-the-way loading docks, rarely enters the conversation about how Canada can grab a coveted piece of the rapidly growing battery-powered electric vehicle market.
Yet earlier this month, Mississauga-based Stromcore Energy Inc., which assembles lithium-ion batteries for forklifts at a modest plant in Ontario, announced preliminary plans to build what could be, if successful, Canada’s first large scale lithium-ion battery cell factory.
Australia’s BHP Group Ltd, one of the world’s largest miners, on Wednesday offered 75 cents in cash for each share of Toronto’s Noront Resources Ltd., as a bidding war erupts for control of the mineral claims on land around northern Ontario’s remote James Bay lowlands, colloquially known as the Ring of Fire.
That offer beats a bid of 70 cents per share that Wyloo Metals Ltd, backed by Australian billionaire Andrew Forrest, placed on Monday. Even as BHP offers $419 million in cash for Noront — and Wyloo could still raise its own offer before shareholders vote on whether to accept a proposal on Nov. 9 — a larger question looms about whether its projects in the Ring of Fire would ever be developed into mines.
As supply chains remain in distress across the globe, automakers are spending billions to move production of battery cells to their home countries to meet what’s expected to be rapidly growing demand for electric vehicles over the next decade.
Automakers from Detroit to Japan plan to simplify supply chains to lower costs, ease logistics and avoid massive disruptions. A global shortage of semiconductor chips has highlighted the industry’s reliance on overseas manufacturers for the parts.
BHP has raised its offer for Canadian nickel explorer Noront Resources by $128 million as it tries to wrest control of the company off billionaire Andrew Forrest.
BHP told Noront investors on Wednesday it was willing to pay C75¢ for each share in the company, under a proposal that values Noront at about $C443 million ($480.7 million).
https://www.brisbanetimes.com.au/
Mining giant BHP has raised its offer to buy Canadian nickel miner Noront Resources, trumping the latest bid from Australian billionaire Andrew “Twiggy” Forrest.
Just a day after the board of Toronto-listed Noront recommended shareholders accept the C70¢-a-share offer from Dr Forrest’s Wyloo Metals, its chief executive Alan Coutts said it now supported BHP’s offer after it raised its bid from C55¢ to C75¢ a share.
