Major investments in Canada by General Motors and the Germany-based chemical giant BASF will lay the foundation of the country’s electric-vehicle (EV) supply chain and spur further spending on battery mineral mining and processing, Canada’s industry minister and other experts say.
François-Philippe Champagne, federal minister of innovation, science and industry, called GM’s plan to build a $500-million cathode active materials (CAM) plant in Bécancour, Que., with partner Posco Chemical a “home run” for the province.