OTTAWA,
ON, Aug. 14, 2024 /CNW/ - The Honourable
Mary Ng, Minister of Export Promotion, International Trade and
Economic Development, today concluded a trip to Sudbury, Ontario, where she engaged with local
organizations focused on the critical minerals sector and electric
vehicle (EV) industry.
The Minister began her visit with a tour of the Cambrian College
battery electric vehicle (BEV) lab in Sudbury. This is part of Cambrian College's
Centre for Smart Mining, a specialized research hub with equipment
for prototyping BEVs and testing powertrains and batteries,
including battery emulation equipment, duty cycle testing equipment
and dynamometers.
Minister Ng continued her tour by visiting the Centre for
Excellence in Mining Innovation (CEMI). Through the creation of the
Mining Innovation Commercialization Accelerator (MICA), a
pan-Canadian initiative built through a $40-million investment from the Strategic
Innovation Fund, CEMI is modernizing mining by improving
productivity and environmental performance. This in turn helps
strengthen Canadian mineral supply chains and increases the growth
of Canadian industries.
Canada is rich in critical
minerals, which are vital to the manufacturing of clean
technologies such as solar panels and BEVs. Initiatives like MICA
will increase the efficiency and speed of mineral delivery from
Canada's mining sector,
accelerating the global shift toward net zero and reinforcing
Canada's position as a leader in
the global net-zero technology market.
The Minister wrapped up her tour with a visit to Crean Hill, the
site of Sudbury's newest nickel
and copper mine. Employing cutting-edge mining technologies,
Crean Hill is set to produce a range
of valuable minerals, including gold, nickel, copper and cobalt. As
we move toward greener communities, the demand for nickel and
copper is expected to rise, and this new mining operation is well
positioned to help meet that demand.
With the Canadian Critical Minerals Strategy as its guide, the
Government of Canada is investing
in developing critical mineral value chains by expanding
manufacturing, processing and recycling capacities.
This tour further demonstrates the Government of Canada's dedication to building resiliency
along critical mineral supply chains, bolstering Canada's global economic competitiveness and
securing Canada's position as a
global leader in responsibly sourced mineral products. It also
underscores the government's support for zero-emission vehicle
(ZEV) manufacturing as well as battery material processing to
increase the supply of ZEVs and encourage the industry's
transition.
Quotes
"The mining and electric vehicle sectors are vital to the
Canadian economy, creating well-paying jobs in communities
nationwide. These industries will address the gap between
innovation and commercialization, equipping Canadian mining
companies and innovators with the tools, knowledge and expertise
needed to meet future demands for Canada's critical minerals. As the mining
industry drives our green recovery and advances us toward net zero,
I am pleased to witness the progress we make.
– The Honourable Mary Ng, Minister of Export Promotion,
International Trade and Economic Development
Quick facts
- Budget 2024 proposed the Electric Vehicle Supply Chain
investment tax credit for businesses that invest in three supply
chain segments: electric vehicle assembly, electric vehicle battery
production and cathode active material production.
- Budget 2024 also proposed new measures to support Canada's critical minerals sector by expanding
and clarifying the scope of activities eligible under the Clean
Technology Manufacturing investment tax credit and setting targets
aimed at accelerating impact assessment and permitting
processes.
- Canada—with its abundance of critical mineral resources;
skilled workforce; and high environmental, social and governance
standards—is uniquely positioned to play an important role in the
global energy transition.
Associated links
- Budget 2024 – Economic Growth for Every Generation
- Canada's Critical Minerals
Strategy
- The future of Canadian vehicles
Stay connected
Follow Canada Business on social media.
X (Twitter): @canadabusiness | Facebook: Canada
Business | Instagram: @cdnbusiness
For easy access to government programs for businesses, download
the Canada Business app.
SOURCE Innovation, Science and Economic Development Canada