MAJOR C$1.5 BILLION INVESTMENT IN BATTERY PRECURSORS WELCOMED BY ONTARIO AND CANADIAN GOVERNMENTS
July 30th, 2022
The economic development minister of Canada’s automotive industry hub Ontario has welcomed today’s (July 13) announcement by Belgium’s Umicore to sink Canadian dollars CAD1.5 billion (USD1.15 billion) investment to build a cathode and precursor materials manufacturing plant.
It will be near Kingston, eastern Ontario, with operations scheduled to begin in 2025. Vic Fedeli, reappointed as minister of economic development, job creation and trade following a June 2 election when his Progressive Conservative Party won another four years of office, told ...
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