Loading the Elevenlabs Text to Speech AudioNative Player...
A Canadian mining company will announce plans Thursday for two new processing facilities that its CEO says will provide the “missing link” in Ontario’s plans for building a full-fledged electric vehicle industry.
Canada Nickel Co. intends to develop a nickel processing plant as well as a stainless-steel and alloy production facility in the region of Timmins, its officials told CBC News ahead of the announcement.
EV batteries can contain 80 per cent or more nickel, making the metal a key component for the growing industry.
“We’re going to see nickel demand double or triple over the next 10 years as we gear up battery production here in North America,” said Mark Selby, chief executive of Canada Nickel, in an interview with CBC News.
Premier Doug Ford’s government is trying to position Ontario as a start-to-finish location for electric vehicle manufacturing, from mining the materials for EV batteries, forging the steel for the vehicle bodies, to final assembly.
The provincial and federal government are combining to pour billions of dollars into production incentives for EV battery plants located in southern Ontario, which could be fed by minerals from northern Ontario.
Selby says his company’s mineral processing plants will be crucial to the EV supply chain in the province.
“The key piece that’s missing is this first-stage conversion, after you take the products from the mine and then turn them into a usable product,” he said. “Being able to provide that processing capacity that provides that missing link is vitally important.”
- Canada is pouring billions of dollars into the electric vehicle industry. Will it pay off?
- Ontario covering one-third of incentives for both Stellantis and Volkswagen plants
Ontario’s Minister of Mines George Pirie calls the plan a tremendous opportunity that takes advantage of the province’s mineral resources.
“It speaks to what we believe in, in Ontario, securing the supply chain and doing it a fashion that’s zero carbon footprint,” Pirie said in an interview.
Canada Nickel says all carbon emissions from both plants will be captured and stored in the tailings of its planned Crawford mine, north of Timmins.
Ontario recently moved to allow underground carbon capture, a way of fighting climate change by trapping greenhouse gas emissions instead of releasing them into the atmosphere.
Mining industry customers want products that are produced with as little carbon emissions as possible, says Selby.
- Next step in Ontario EV auto strategy is a lithium hydroxide plant: minister
- Doug Ford unveils strategy for ‘critical minerals,’ worth $3.5B to Ontario economy
“Being able to deliver a zero-carbon product both from the mine and then through the first stage of processing is a massive advantage,” he said.
In a news release, Canada Nickel says it is considering several possible locations near Timmins for the new plants and expects the nickel processing facility to begin production by 2027.
The company says the nickel plant will grow to have the capacity to process more than 80,000 tonnes annually, which would make it the largest nickel processing facility in North America.
Originally Posted Here
Keep Up to Date with the Most Important News
