Fortune Minerals Ltd T.FT

Canada can’t keep up with minerals demand for EVs

[Allman]

The stagnation of FT on the Lassonde Curve is ever so frustrating, but something will happen to advance it up the curve. Why? Because it has to happen. Fortunately the deposit has what society and industry desperately need, is economically feasible, is in North America's backyard and is in an advanced state without known opposition - hopefully though, it's advanced in a way that is beneficial to current shareholders.

According to US data provider GlobalData the future supply of minerals and metals needed to meet net-zero targets in 70 countries is uncertain and threatens to undermine ambitious energy transition plans.
“Consequently, energy transition objectives will be delayed if critical mineral supply cannot meet demand.”
... key minerals such as cobalt, nickel and graphite will all need to dramatically expand. ...
Despite agreeing to tens of billions of dollars in subsidies for Volkswagen and Stellantis to build battery plants, neither the Ontario or federal governments have been able to secure road access agreements with holdout First Nations to feed the plants with the materials they need to churn out 1.5 million batteries per year. ...
That said, Canada has only a handful of commercial mines — mostly in Alberta and Quebec — but has yet to build a single processing plant.

https://www.westernstandard.news/business/report-says-canada-can-t-keep-up-with-minerals-demand-for-evs/article_9333b390-2cbf-11ee-b57d-9f2252c323be.html
 

[FTzzzz]

Why are they not building a recycling plant in Canada?.. https://ca.finance.yahoo.com/news/recyclico-provides-zenith-transaction-100000330.html