Ontario’s pipeline of prospective investments in the electric vehicle and battery supply chains runs to at least $17 billion as global investors continue to look at putting down roots in North America, according to the province’s minister of economic development, job creation and trade.
“We won't win it all, but we sure as hell are going to win a chunk of it,” Vic Fedeli told attendees at the Prospectors & Developers Association of Canada convention in Toronto March 7.
Fedeli also predicted Ontario would land its first lithium processing plant in the northwestern part of the province soon. Several lithium mining projects are advancing north of both Thunder Bay and Kenora, Ont., and the material will need to be processed locally, he added.“We have all of the right pieces in place to make Northern Ontario part of the auto sector for the first time in 100 years.”
“We want to combine the mineral endowment of Northern Ontario with the manufacturing might in southern Ontario.”
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