Canadian Miner Plans $1 Billion Nickel Processing Plant for EVs
- Plant would be North America’s largest once completed
- Canada Nickel also plans $2 billion steel and alloy plant
Copper-nickel ore.
Photographer: Andrey Rudako/BloombergThis article is for subscribers only.
Mining firm Canada Nickel Co Inc. plans to develop a nickel processing plant in Ontario that would cost $1 billion and be North America’s largest once completed.
The plant would have capacity to produce more than 80,000 tons of nickel annually, and should begin operations by the start of 2027, the Toronto-based miner said in a Thursday press release. The company also plans to build a stainless steel and alloy production plant to process nickel and chromium concentrate, which would cost an additional $2 billion, according to Chief Executive Officer Mark Selby.