NICO future France Plans $1.1 Billion to Safeguard Metals for EV Batteries
France is aiming to raise 1 billion euros ($1.1 billion) to help secure enough supply of metals for industries like battery manufacturing as prices of raw materials skyrocket…The plan unveiled Monday includes 500 million euros in public money, according to the environment and industry ministries. The government wants to reduce reliance on supplies of nickel, cobalt and lithium from outside the European Union, it said…Procuring enough raw materials for EV batteries that also comply with ethical and ecological standards is becoming a focal point for carmakers. It also called for spending on “strategic metals” supply that could include investment in mines.
southcountry2...IMPORTANT ... I have read so many press releases like this .... where sooooo many governments want to SECURE FUTURE METAL INVENTORIES ... that, IMO, it is virtually impossible that the NICO Fortune Mineral Cobalt-Gold-Bismuth-Copper deposit will not get funded and built. I could easily see a HUGE FIGHT among several of the contenders as to who actually gets to partner with Fortune Minerals. My guess is that the governments of Canada and the U.S. will somehow come out on top due to their proximity and political jurisdictional advantages.