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Mining magnate McEwen pushes for a role in the EV transition

Maybe data is the new gold. Maybe it’s lithium. Either way, GoldCorp founder Rob McEwen is thinking about what’s next. 

The McEwen Mining and McEwen Copper CEO has been chasing deals that would make his companies suppliers of EV battery metals. In October, Stellantis took a 19.4 per cent stake in the copper company at a valuation of about US$800 million.

The automaker’s investment of 42 billion Argentine pesos will help develop a project in San Juan, Argentina, and gives it the right to a minimum 10,000 tonnes per year of copper cathode offtake.  

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