Energy Transition Fuels Canada's Metals & Minerals Industry

October 11, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's Metals & Minerals Industry is benefiting from new and old demand drivers: The energy transition is spurring growth in critical minerals, and North America's love of diamonds is as strong as ever. Industrial Info is tracking more than US$3.8 billion worth of projects across Canada's Metals & Minerals Industry that have a medium-to-high (70% or greater) likelihood of beginning construction before the end of the year, with about two-thirds of the total attributed to projects in the mining sector.

The global transition to low-carbon energy sources has driven much of the recent surge in activity in North America's mining sector, with Quebec a top destination for the extraction and refining of critical minerals such as lithium and copper. Companies involved include EcoPro Company Limited, Volta Energy Solutions, Solus Advanced Materials Company Limited and Torngat Metals Limited.

Other companies featured: Ford Motor Company (NYSE:F), Tesla Incorporated (NASDAQ:TSLA), Cerberus Capital Management LP and Burgundy Diamond Mines Limited.