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The federal government approved the construction of a lithium mine in northern Quebec, moving Brisbane, Australia-based Allkem Ltd.‘s project closer to the finish line, and moving Canada closer to being able to supply a highly sought metal that will be key to the energy transition.

Prime Minister Justin Trudeau and several of his provincial counterparts have been selling Canada as an important node in the shift to electric vehicles, boasting that the country’s mineral wealth will be a competitive advantage.

In addition, the nation, along with the United States and some of the bigger European economies, is looking to shift supply chains away from China, which dominates the EV sector, to friendlier nations amidst geopolitical concerns.

Read more at: https://financialpost.com/commodities/mining/james-bay-lithium-mine-federal-approval