Companies that want to extract Ontario's critical minerals to make EV batteries will also need to open factories in the province, Premier Doug Ford said Monday.
Workers assemble the powertrain with an electric motor and battery of a VW in Zwickau, Germany. Premier Doug Ford says companies that wish to build EV batteries with minerals from Ontario will need to manufacture the batteries in the province.
Rather, Ford said, under the provincial critical mineral strategy, companies would be required to also manufacture the batteries in Ontario. Ontario is home to a major mineral deposit, known as the Ring of Fire and found about 500 km north of Thunder Bay, in the James Bay lowlands. It includes chromite, cobalt, nickel, copper, and platinum, which are used in the development of electric vehicles.
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