Ontario EV auto strategy's next step: a lithium hydroxide plant
Ontario Economic Development Minister Vic Fedeli calls it the"sleeper story" of the province's massive auto industry transition.
Lithium is one of the key raw materials required for lithium ion batteries -- others include nickel, cobalt, manganese and graphite -- but it must be processed into the chemical compound lithium hydroxide to be used in those batteries. "Everybody's looking for a dance partner in the next year. So while the window of opportunity is open right now, it's going to start to close in the next year, because everybody's got to get going ."
"They're making big investments in locations close to the supply, and now all car companies are following that," he said.The geological map of Ontario would suggest there are"huge swaths" of the province that have potential for lithium discoveries, and setting up a lithium hydroxide facility could spur more exploration, said Jeff Killeen, the director of policy and programs for the Prospectors & Developers Association of Canada.
First Nations throughout Treaty 9 territory, which encompasses much of northern Ontario, recently launched a lawsuit against the province and the federal government, alleging they haven't been properly consulted on decisions involving their land.
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