From US-CDN Summit - critical metals
BMO Capital Markets managing director Rahim Bapoo said the bank’s massive mining division is reorganizing to drum up more partnership deals, calling the rush to fund and build critical-mineral mines a “call to arms.” “We need to build 100 new lithium mines, and a lot more graphite mines, manganese and cobalt,” he said. “You start thinking about the scale of the problem, ticket sizes of a billion or two billion dollars. That starts to become a really big number, really quickly.” Stop outsourcing mineral processing: Jonathan Evans, the CEO of Lithium Americas noted that key critical-mineral processing methods were developed in North America before overseas players like China came to dominate the industry.