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Stock impact report

Canada teams up with Australia to fend off China in EV battery space [Financial Post (Toronto, Ontario, Canada)]

Piedmont Lithium Inc. (PLL) 
Company Research Source: Financial Post
Canada has inked an agreement with Australia to work together in developing the minerals needed for the energy transition away from fossil fuels, as both look to reduce their dependence for raw materials on China and pivot more towards friendlier nations. The non-legally binding agreement means the two nations will work together to extract these minerals responsibly, improve transparency, build partnerships, conduct joint research and development programs and share industry growth models. Article content Article content The joint statement said that Canada and Australia share a “like-minded” approach to the development of these minerals and will work together to develop these minerals in a “clean” and “fair” manner. Canada is looking to build a battery industry as it expects the world to gradually shift away from fossil fuels within the next three decades. Batteries require minerals such as lithium, nickel and graphite, so the government has looked to boost its mining secto Show less Read more
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