GREY:NMKEF - Post by User
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Tcheckon Nov 23, 2019 9:57pm
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RE:Battery metals panel discussion
RE:Battery metals panel discussion Thanks ewltz
excerpt from northernminer
Guy Bourassa, president and CEO of Nemaska Lithium (TSX: NMX) — which raised $1.1 billion to develop the Whabouchi lithium mine and Shawinigan processing plant in Quebec — emphasizes the lack of investment appetite within Canada and from battery end users.
“I thought that the money would come from … car manufacturers or large battery manufacturers. Unfortunately … [they] have not realized that it takes at least 10 years to develop, from the ground up, a new supply chain of raw material,” Bourassa says. “End users should be the ones that are investing.”