Canada forges new EV supply chain path in bid to secure growth
The country hopes to capitalize on its supply of critical minerals needed for electric vehicles, including nickel, lithium and graphite, to attract investors.
When the EU closes its EV market to China, it would open up a direct route and likely premium pricing for lithium, nickel, cobalt miners now supplying China.
Shares surged by 15% after the company announced that it is reviewing a number of strategic approaches, marking the latest sign of rampant dealmaking in the sector.