What’s needed are new partnerships — across government, industry, civil society, and the financial sector — to grow markets and ensure investments are made and flow into Canada.

Now is the time to strike Teck, Vale, Glencore etc....the aussies are huddling together trying to figure out how to steal this resource.  Twiggy is too busy at COP26 to put in the energy to finish this deal.

Teck you lost Voisey and Vale you will run out. Don't miss this opportunity of a few lifetimes.

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https://ipolitics.ca/2021/11/09/canada-must-seize-opportunity-for-critical-minerals-evs/

Canada must seize opportunity for critical minerals, EVs

Electric cars on display at the Canadian International Auto Show in Toronto in 2014 (David Cooper/Toronto Star)

While the federal election is behind us, the global race to develop an integrated electric-vehicle supply chain is gathering momentum.

Canada has a generational opportunity to leverage the country’s collective fight against the pandemic to build a strong, vibrant, and green economic recovery. But we won’t get there without agility, hard work, partnership — and a sense of urgency. 

Issues that animated the recent federal election demand a comprehensive and pragmatic policy agenda, be they climate change or reconciliation with Indigenous Peoples. 

Canada’s ambition to develop a critical-minerals supply chain and integrated electric-vehicle (EV) industry also requires a strong policy agenda.

There’s no question the world needs mining for a greener future. Our industry provides the building blocks for clean technologies such as wind turbines, solar panels, nuclear energy, and EV batteries.

The World Bank forecasts that production of green minerals and metals must be increased by as much as 500 per cent in order to produce the clean technologies necessary to limit the planet’s warming to 2 C. It’s in both Canada’s and the world’s best interest to expand domestic production of low-carbon Canadian minerals and metals to meet this growing need as sustainably as possible. 

This is worth repeating, with the COP26 climate summit underway in Glasgow, Scotland. Our industry can harness a rich endowment of green metals to help Canada reach its goals to emit less greenhouse gas (GHG) by developing an EV supply chain and industry.

Research by London’s environmental, social, and corporate governance (ESG) consultancy Skarn Associates shows that Canada already uses less carbon than most countries to produce minerals and metals.

For example, according to Skarn data, Canadian nickel is eight to 15 times less carbon-intensive, on average, than nickel produced in competing jurisdictions. High-purity Class 1 nickel products, integral for long-range EV batteries — produced at Vale’s Long Harbour processing plant in Newfoundland and Labrador — are among the world’s least carbon-intensive, putting Canada at the vanguard of this industry.

Demand for nickel is forecast to double by 2030, spurred by government EV policy and production targets set by the world’s largest automakers. A pivotal challenge is fulfilling that demand with supply that meets society’s growing ESG expectations, not least when it comes to abating GHG emissions. 

Canada can’t afford to miss this opportunity. Major automakers have committed more than US$300 billion to EVs globally, while battery-makers have earmarked US$130 billion.

Commitments on that scale require expedited investment in exploration, mine development, and production, if Canada hopes to leverage its world-class resources to develop the battery supply chain, from cathode production to the manufacture of cell packs. 

What’s needed are new partnerships — across government, industry, civil society, and the financial sector — to grow markets and ensure investments are made and flow into Canada. 

We’re encouraged by provincial and federal commitments to promote responsible, long-term resource development focused on strategic minerals and the EV supply chain. Quebec’s whole-of-government approach to building a battery ecosystem is a positive step in the right direction.

Make no mistake: The technical and financial hurdles to building a production and supply chain of this magnitude are immense. 

But Canada’s low-carbon resources, safely and sustainably mined and processed with Canadian knowhow, are a key differentiator.

Vale, and Canada’s mining sector more broadly, stands ready to help position Canada as a major player in the global EV revolution. 

Let’s make it happen and deliver on that potential, together. 

Mark Travers is executive vice-president of Vale Base Metals. Pierre Gratton is president and CEO of the Mining Association of Canada.