{"id":24214,"date":"2022-08-09T14:49:56","date_gmt":"2022-08-09T13:49:56","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=24214"},"modified":"2022-08-09T14:49:56","modified_gmt":"2022-08-09T13:49:56","slug":"sudburys-critical-minerals-can-drive-canadas-electric-vehicle-industry","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/sudburys-critical-minerals-can-drive-canadas-electric-vehicle-industry\/24214\/","title":{"rendered":"Sudbury\u2019s critical minerals expertise can drive Canada\u2019s electric vehicle industry"},"content":{"rendered":"
The words mining and Sudbury are synonymous \u2013 you cannot have one without the other. Our city was founded on mining copper and forestry but quickly expanded to nickel, cobalt, palladium, and many other minerals. This is a similar story for other communities in Ontario that rely on mining for their economic activity. And with the electric vehicle (EV) market heading for exponential growth, there is potential to help send these local economies soaring\u00a0 \u2013 but only if we get it right.<\/p>\n
Typically, the mining industry has been relying on the status quo over the past few decades, with its cyclical nature determining how much is spent on exploration and growth. However, as the EV market has continued to grow, this cyclical boom\/bust cycle has been discarded, and the industry along with the government have been caught off guard. What used to take five to ten years to develop into a new mine will now have to be significantly cut down if the auto industry is going to meet its goal of EV sales. This means needing to create a comprehensive strategy to deal with these unprecedented demands on the industry.<\/p>\n
Critical mineral strategies are a significant part of getting it right. The federal and provincial governments have both invested in creating these strategies, which will help encourage rapid growth in the industry to expand mineral extraction, processing, and refinement to provide the critical minerals to the auto industry for them to meet production goals. Mining companies, the government, the auto industry, and other parts of the supply chain will need to work together in order to ensure there are no gaps to realise this potential.<\/p>\n
Diversifying the supply chain is also another reason for these strategies. As we have seen around the world, the current geopolitical climate can be changed in the blink of an eye. With supply cut from Russia and pandemic disruptions from China, having this resilient supply chain for critical minerals is important for governments around the world.<\/p>\n
To a certain extent, this investment has started happening here in Ontario. With the country\u2019s largest automotive sector located in southern Ontario, the industry is starting to take notice of the proximity to mining operations. What we mine in northern Ontario has the potential to feed into the auto production of southern Ontario, completing the domestic battery electric supply chain.<\/p>\n
Recent announcements by vehicle manufacturers, such as General Motors (GM) and Stellantis, are a precursor to the potential we have in Ontario. GM, for example, will be creating the first commercial EV hub, which will produce Canada\u2019s first all-electric vehicle, the BrightDrop delivery van in Ingersoll.<\/p>\n
Stellantis has also announced an investment of C$2.8bn in Windsor to help retool their manufacturing plants to produce EVs. These investments will help solidify Canada and Ontario as leaders in the production of EVs, but there is more to be done to ensure we continue to gain investments from other manufacturers and parts of the supply chain.<\/p>\n
Quebec, in contrast, has been awarded significant investment from the battery manufacturers, such as Bosco Chemical, due to their clean and relatively inexpensive electricity grid, and committed government support from all levels.<\/p>\n
Despite the challenges, Ontario is already pivoting towards its own domestic EV supply chain. Ontario has recently expanded its Ontario Vehicle Innovation Network<\/a> (OVIN) to include a northern regional technology demonstration site (NRTDS) to help connect communities that specialise in certain aspects of the automotive and EV supply chain, whether that be through Artificial Intelligence, autonomous development, or battery technology, for example. The NRTDS, led by NORCAT in Sudbury, will include many northern companies and organisations that will help bring this vision of collaboration and development to fruition.<\/p>\n