Ryan Castilloux is managing director of Adamas Intelligence, which provides research on strategic materials and minerals.
A US$174-billion U.S. plan to spur domestic production and sales of U.S.-made electric vehicles while bolstering domestic supply chains, from raw materials to parts, dovetails with allies Canada and Australia’s ambitions to become leading suppliers of raw materials to parts.
The plan is part of the massive US$2-trillion spending plan unveiled by U.S. President Joe Biden in March, that aims at creating millions of “good jobs,” rebuilding the nation’s infrastructure, and positioning the U.S. to “out-compete China.”
From a raw materials perspective, there are four main facets of interest for the Canadian auto sector in the U.S.’s grand ambition to win the EV market. Continue Reading →