Demand for critical minerals in EV batteries requires faster mining project approvals: stakeholders
A typical electric car requires six times the mineral inputs of a conventional car, and the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, according to the International Energy Agency.
Canada faces a looming deadline for excavating needed critical minerals to meet the growing demand for electric vehicle batteries, which will require the federal government to pick up the pace on mining project approvals, according to business and mining industry advocates.
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