How far we've come!
As 2022 draws to a close, we highlight the year's successes and the market trends as electrification continues to gain momentum.
The energy revolution needs minerals. (Lots of minerals!)
Western governments are looking for local, resilient and ESG-compliant sources.
NMG is executing its business strategy as a new era of mining and industrial growth takes shape in North America; one that is economically efficient, environmentally responsible, collaborative with Indigenous Peoples and innovative. May the new year drive forward investments, socio-economic development and the deployment of cleantech.
On behalf of the entire Team Nouveau Monde, thank you for following us and Happy Holidays!
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Objectives achieved in 2022
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» Canada in 'active discussions' with EV supply chain companies - minister
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"Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars."
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» Nouveau Monde looks to Japan to further North American graphite anode ambitions
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"Recent agreements with Japanese companies will help Nouveau Monde Graphite become the biggest graphite producer in North America’s anode supply chain."
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» Graphite Could Slow Down Domestic EV Supply Chain in the U.S.
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"Companies such as Syrah Resources, Urbix and Nouveau Monde Graphite are planning to build mines and processing plants throughout North and South America, which could help the U.S. become less reliant on China for graphite."
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Québec is well positioned with respect to the climate crisis and the energy transition
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Access to hydroelectricity, the government's economic strategy and the availability of critical minerals provide Québec with a strategic and enviable position with respect to the climate crisis and the energy transition.
This year, the developing battery industry in Bécancour, Québec, where NMG already has facilities, has generated a lot of interest from the automotive industry, investors and governments from around the world.
Much has been written in the media about the ever-increasing demand for graphite anode material and the supply that will not meet that demand. With over 8 terawatt-hours of lithium-ion battery production expected by 2031, a LOT of graphite will be needed.
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» America’s Inflation Reduction Act just gave Canada’s economy a shot in the arm
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"Starting in 2024, to access the EV tax credit, the vehicle must not only be built in North America, but its battery must contain at least 50% mineral content sourced in North America or by a U.S. trading partner (i.e., not China), and 60% of the battery components (by value) must be made or assembled in North America."
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» Canada vaults to second spot ahead of the U.S. in global EV battery-supply chain ranking
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"Research firm BloombergNEF pushed Canada’s position in its annual global ranking of battery-producing countries ahead of everyone else but China."
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» Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
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"The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production."
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