Canada has achieved a significant milestone by surpassing China to claim the top position in BloombergNEF's annual lithium-ion battery supply chain ranking. The ranking evaluates 30 countries based on their potential to develop a secure, reliable, and sustainable supply chain for lithium-ion batteries. Canada's rise to the top spot in 2023 marks its first time leading the rankings. This achievement is attributed to the country's consistent advancements in manufacturing and production, coupled with its strong environmental and social governance credentials. BloombergNEF's analysis, which considers 46 metrics across five key categories including raw materials, battery manufacturing, downstream demand, environmental and social governance (ESG), and industry, infrastructure, and innovation, highlights Canada's notable progress. Canada's ascent to the forefront underscores its growing importance in the global lithium-ion battery supply chain landscape.
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