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Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.


TSXV:ELBM - Post by User

Post by ustockson Oct 15, 2022 12:13pm
877 Views
Post# 35026728

Jessica N. Abraham

Jessica N. Abraham
``Before an EV can qualify, a portion of the critical materials in its battery must be extracted or processed in a country that has a free trade agreement with the US, such as Canada.``

``That's right. Under the IRA, tax credits wouldn't be available for EVs that source battery materials mined internationally from places like the Democratic Republic of Congo (over 60% of the world's cobalt is mined there) or refined in places like China``
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