Raw Material Security in Ontario: Where there's a (Political) Will, there's a Way! 🌎A Look across the Pond… We often highlight the challenges we're tackling in Germany – with our fully permitted lithium refinery in Guben. But just as central to our story is Canada, and the province of Ontario, where two of our major projects are advancing. 🤝 Raw Material Security is not only Market Mechanism – It's also a Political Goal Our Mirco Wojnarowicz recently provided insights into the differences between Germany and Ontario. Together with Hugh Samson (RBC Capital Markets) and Jamie Levy (Generation Mining), he discussed in Energy and Mines how the Ontario region can secure its supply of critical raw materials. The key insight: Raw material security doesn't emerge automatically only through market mechanisms – it is also a political goal. 📊 Fast-Moving Markets meet long-Term Planning Horizons It typically takes about 15 years for a mine to go from exploration to production. Large industrial facilities, like our lithium refineries, also require several years from concept to commissioning. During this time, a lot can happen. A price crash in a particular raw material can significantly dampen investment appetite in a long-term project. "That's precisely when government support would be most valuable," Mirco explains. 🔝 Ontario Shows how it's Done Through funding programs such as the CAD 500 million Critical Mineral Processing Fund ("CMPF") and a predictable regulatory process, the right priorities are being set. It’s not only the market shaping the development of new value chains, but also policy deliberately deploying the tools needed to make them real. 🍁From Global Division of Labor to Regional Resilience Just a few years ago, it was usual to stretch value chains around the globe. But besides a massive carbon footprint, you primarily have one thing: uncertainty. International geopolitics, trade conflicts and the effects of the pandemic have clearly demonstrated this. Regionalization is the key. The shorter the distances, the more stable the supply chains. And that's what we're building in Ontario. Our lithium refinery in Red Rock, is designed to produce up to 36,000 tons of lithium hydroxide annually. And not far from there, we're working on developing our own raw material deposit: the Georgia Lake mining project close to Beardmore. 🧐Awareness is Rising – But is the Willingness, too? In Canada and Europe, the awareness of raw material security growing. But so far, only one side of the Atlantic has understood that it takes decisive political action to create reliable framework conditions and ensure planning and investment security. The link to the magazine with the full interview is in the comments. #RockTechLithium #CriticalMinerals #Ontario #Lithium #GeorgiaLake #CRMA
Jan Stevens
2d
Ich wette, der Konverter in Kanada steht vor dem in Deutschland (wenn letzterer überhaupt kommt).
T L.
2d
Die Politik für alles verantwortlich zu machen was nicht klappt, ist natürlich auch eine Möglichkeit!
And here's the full magazin: https://toronto.energyandmines.com/home/magazine
Zahlen sind meine Leidenschaft
2dIf you only rely on state subsidies, you do not have a business case! Gouben Converter seams to be exactly such a business case that will not function without subsidies!