King & Benton found more than it was bargaining for when it acquired the former Union Carbide synthetic graphite manufacturing facility in Welland, Ontario.
Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.
While the auto giant has EV metals contracts with suppliers across the globe, its goal to produce 20 million vehicles annually by 2030 will require vastly more supplies of metals.