Skip to content

Deal-Hungry Miners Return to Toronto With EV Metals in Focus

Annual PDAC conference in Toronto highlights latest trends in mining industry.

Attendees at the Prospectors & Developers Association of Canada convention in Toronto in 2017.

Attendees at the Prospectors & Developers Association of Canada convention in Toronto in 2017.

Photographer: Cole Burston/Bloomberg

As the mining industry gathers in Toronto this week for one of its biggest annual events, the focus will be on two groups of metals: one that’s seeing soaring demand across the world, and another with almost no industrial utility.

Thousands of investors, executives, bankers and government officials are set to converge on the Prospectors & Developers Association of Canada conference at the biggest mining hub in the Americas. After a multiyear slump, the industry is beginning to pick up on the back of rising consumption of metals like nickel and lithium used in batteries. Long-term projections for electric vehicles show an urgent need for new mines for those elements.