U.S. offers cash to Canadian critical minerals projects during Biden’s visit
Originally posted on cbc.ca There was a pot of gold at the end of President Joe Biden’s jaunt to Canada. It’s going to Canada’s mining sector. The U.S. military will deliver funds this spring to critical minerals projects in both the U.S. and Canada. The goal is to accelerate the development of a critical minerals industry […]
Canada budget to have tax credit for equipment used to produce EVs – sources
Originally posted on Mining.com Canada’s Foreign Minister Chrystia Freeland. Photo by Freeland’s press office Canada will introduce in its budget next week a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, two government sources familiar with the document said on Thursday. The tax credit for capital investments […]
Europe turbo charges its critical minerals drive
Originally posted on Mining.com The European Union has unveiled the accelerator in its drive to reduce the bloc’s import dependency for critical minerals and metals. The Critical Raw Materials Act (CRMA) “will significantly improve” Europe’s domestic extraction, processing and recycling capacity for metals such as lithium and rare earths, according to Ursula von der Leyen, […]
The impact of vehicle sizes on mineral demand in the EV market
Originally posted on Mining.com Source: Benchmark Mineral Intelligence As the electric vehicles (EV) market grows, a debate is developing about the amount of minerals needed to supply the demand for EV batteries. Following the US’ push for electrification with the Inflation Reduction Act, the European Union recently unveiled its Critical Raw Materials Act to “significantly […]