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Scholz, who’s halfway by means of a three-day go to to Canada accompanied by quite a few German enterprise leaders, stated Canada has “nearly boundless potential to change into a superpower” in sustainable useful resource manufacturing. Germany is intent to change into one in every of Canada’s closest companions, he added, and the brand new offers with Mercedes-Benz and Volkswagen present the “alternatives are there.”
The MOU between Canada and the pair of automakers lack agency commitments from both set of events, focusing as a substitute on additional “exploring” the alternatives in Canada’s uncooked supplies and processing sectors.
Nonetheless, Champagne stated the agreements “cement” the curiosity of the German automakers in Canada, enhance the battery ecosystem in Canada and put together the nation for investments.
“What you noticed immediately is a very new chapter even for the automotive trade in Canada as a result of now now we have the German automakers. We weren’t even on their radar display screen, now we’re centre of their radar, and I feel that’s going to result in us partnering with them in a strategic means.”
Schaefer stated the collaboration with Canada is a “nice match” as the corporate quickly ramps up battery manufacturing and sees its necessities for essential minerals balloon.
Mercedes-Benz can also be on the cusp of firming up an settlement with a Canadian mining agency that can construct off the cope with Ottawa, Schaefer added. The automaker disclosed it’s at present finalizing an settlement with Vancouver-based lithium miner Rock Lake Lithium, which is creating a mine in Ontario. The deal will see Rock Lake provide Mercedes-Benz’s European operations with as much as 10,000 tons of lithium hydroxide yearly beginning in 2026.
Schaefer additionally left the door open for Canadian investments in battery materials processing.
“We’d prefer to refine right here as nicely. The query is, what are you able to do in a restricted period of time? The capital even wanted for exploration and all the opposite actions wanted are enormous … so I feel now we have to divide a little bit bit the work that has been accomplished.
“As soon as [refining] is feasible and doable, then we are going to enter into it.”
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