The Canadian province of Québec is well-positioned to play a strategic role in supplying the North American lithium-ion battery industry with minerals for production. As one of the most economically dynamic provinces in Canada, Québec is poised to resolve several key issues currently facing the industry, including access to responsible raw materials, the environmental impact of battery production and supply security.
An abundance of raw materials
The demand for mineral resources now exceeds supply, and Québec has everything it takes to rise to this challenge. In fact, it offers vast mining potential with all the critical and strategic minerals used in the manufacture of batteries, such as lithium, nickel, cobalt, graphite and silicon.
Québec and Canada are also among the world’s largest producers of nickel and cobalt. The largest untapped lithium deposit in the world is located in Nemaska, in Québec’s far north. Along with this, the province is the fourth-largest producer of primary aluminum in the world. It also boasts world-class copper deposits, as well as the largest copper recycling facility in North America and a refinery producing high-purity copper that is compatible with the needs of the battery industry.
In Ontario, Québec’s neighbouring province, First Cobalt is now building the largest cobalt refinery in North America. In Québec, Johnson Matthey Battery Materials manufactures lithium iron phosphate cathode materials, a safe, high-power alternative to nickel-rich cathode material, which is emerging as a key component for lithium-ion batteries. Lithion Recycling has developed an innovative technology for battery recycling. And to strengthen the sector, Québec encourages other manufacturers to set up business on its territory. Blue Solutions Canada, a subsidiary of the Bolloré Group, is a world- leading manufacturer of solid-state batteries for various uses, such as electric vehicles. Another industry leader is Lion Electric, a manufacturer of 100% electric buses and heavy-duty vehicles.
Clean energy
Québec’s biggest economical asset is its hydroelectricity, a renewable resource with a low carbon footprint and available for large-power customers. This enables the province to manufacture the cleanest battery in North America. To meet the high demand for manufacturers to produce carbon-neutral vehicles, Québec’s abundant, reliable and cost-competitive supply of hydroelectricity is unrivalled.
A disruption-free supply chain
Québec is strategically located in the North American battery and electric vehicle value chain. Approximately 80% of the demand for batteries is found within a radius of about 1,500 km from Québec production sites. The province also benefits from its proximity to major automakers as well as more than 700 automotive parts manufacturers. In addition, several economic agreements facilitate trade between Québec and battery and equipment manufacturers in North America, Europe and South Korea. Ultimately, this ensures the security of the supply chain. As well, numerous road and rail links, along with several deep-water ports with the shortest route from Europe to North America, guarantee a reliable supply.
Visit battery.investquebec.com to learn more about Québec’s assets and get in touch with the experts at Investissement Québec International
The story comes from: Batteries News.
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