The network will encourage information sharing and co-financing opportunities for institutions such as Export Development Canada and its counterparts in the U.S., Australia, India, Japan, South Korea, the U.K., and several European nations as well as the European Union. (The Logic)
Talking point: Called the Minerals Investment Network for Vital Energy Security and Transition, or MINVEST, the partnership will work to “diversify” the battery supply chain, which China currently dominates. Electra Ontario Cobalt Refinery was among the projects the group highlighted. BHP, BlackRock, Goldman Sachs, Citigroup, Rio Tinto and Anglo American are among the companies that are being courted for MINVEST meetings or projects, the Financial Times reported. Meanwhile, Rio Tinto chairman and former Canadian ambassador to China Dominic Barton said the world needs to focus on discovering and investing in new mines, despite a wave of consolidation in the mining industry.