Market Insights with Joe Mazumdar: Trends in the Resource Sector

August 1, 2023

Rising Demand for Critical Minerals in Canada: The Focus on Lithium and Overlooked Potential of Copper

The demand for critical minerals, particularly lithium for electric vehicle batteries, is rapidly increasing in Canada. Lithium deposits, mainly found in pegmatite dikes, are being actively explored and developed in regions like Quebec, northern Ontario, and the Northwest Territories. However, there seems to be less focus on the importance of copper, despite its essential role in various technologies, including electric vehicles, charging stations, and renewable energy infrastructure. Copper's conductivity is crucial for these applications, and its demand is also high due to the growth in these industries.

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