Canada Nickel Co. is set to unveil plans for two new processing facilities in Ontario aimed at bolstering the province's electric vehicle (EV) industry. The company will establish a nickel processing plant and a stainless-steel and alloy production facility in Timmins. Nickel is a crucial component in EV batteries, with demand expected to soar in the next decade, driven by North American battery production. Mark Selby, CEO of Canada Nickel, emphasized the projected increase in nickel demand and Ontario's potential as a hub for EV manufacturing, aligning with Premier Doug Ford's ambitions to support the entire EV production chain within the province. The government plans to invest billions in incentives for EV battery plants, particularly in southern Ontario, with the potential to source minerals from the north. These developments signify a significant step towards realizing Ontario's vision of becoming a key player in the global EV market, bridging the gap between mining materials and final assembly.
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