Mark Selby, CEO of Canada Nickel, discusses critical raw material supply chains.
Western governments want China out of critical mineral supply chains, says Canada Nickel CEO
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Mark Selby, CEO of Canada Nickel, discusses critical raw material supply chains.
Of course, Western governments want China out of everything. Can it be done?
Among the key ingredients of lithium-ion batteries, nickel stands out due to its unique properties. Its energy density and capacity retention make it essential in EV battery manufacturing. The world does NOT care about CO2, a plant food.
The largest known reserves are in Indonesia (21%), Australia (21%), and Brazil (16%). Canada has an estimated 2.2 million tonnes of nickel reserves, representing 2% of the world reserves, and ranking seventh globally.
EV made in USA = more expensive than EV made in China. American EV, used mainly domestically. China’s EV = less expensive, exported world wide, including Canada. If Canada does NOT take China’s EV, China blocks Canada’s heavy oil and AG -> Canadian economy goes down right away.
EV’s disadvantage = takes too long to charge. Charging Lithium batteries too quickly, shortens its life span. Future = Hydrogen fuel cell. Hydrogen is pumped into vehicle at pump stations like gas stations. Fueling up with hydrogen ONLY takes minutes. Hydrogen fuel cell = NO issues with energy holding capability due to wear and tear. Generally, EV car batteries last from 10 to 20 years. Certain factors like heat, cold, or swift charging times can negatively affect that and reduce performance.
China: Government pushes hydrogen technology up nation’s agenda. Development of alternative fuel for road vehicles a top task for China this year, urges report.
canada industry dying.
Do they still even have any industry left worth mentioning?
@@JCSY1 Canada’s economy = 1/10th the size of China’s economy. China pretty much controls Canada. Canada cannot block what is coming in from China or else China can easily crush Canada’s economy. One good thing is that China is gentle and fair towards Canada, wanting Canada to do well, willing to work with Canada to benefit BOTH Canada and China.
@@user-tv1nc9qx2d Yes. China always welcomes trade and peace unless someone starts attacking them first.
Jai Hind. High wall small space to keep everything inside.
“…get China out of the supply chain…” Canada barely register a blip on the global supply chain, so why sweat over something you are nothing but an irritant ?
They can try but they will fail as usual. They never learn from their mistakes and failure. Talk big and achieve real true results are 2 totally different things.
“Andrew Evans: Pierre Poilievre is right. We need tariffs on Chinese EVs and other goods to protect Canadian jobs”.
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Comment:
The jobs that Canada protects requires large investments and manpower.
China’s response would be banning Canada’s heavy oil and AG -> the jobs that Canada loses are easy money jobs.
Canadians are broke, unable to afford expensive Canadian EV and other goods produced at low volumes -> Canadian EV and other goods industry go down -> the whole economy goes down.
Manufacturing industry requires huge investments, a large population, tons of innovation to be competitive, but once it gets going, it becomes easier.
“Canadian steel and aluminum industries seek protection from Chinese overcapacity”
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China’s economy = 10 times the size of Canadian economy.
Canada works with China -> Canadians have jobs + able to afford less expensive products made in China.
Canada works against China -> China bans Canadian products / natural resources -> the whole Canadian economy goes down.
Canada fights against a giant 10 times of its size, Canada will lose.
USA = heavily into debt has become a hermit country with small scale manufacturing that produces expensive products that are forced upon their own citizens to purchase. USA = an inefficient country. The world trade with each other, working together, whereas USA is isolated all by themselves -> less efficient -> ???
Therefore, Canada wants to sell their natural resources to USA = difficult. USA uses their own natural resources as much as they can, trying to pay off their massive debt.
Canada’s natural resources, renewable ones, ex. AG, major customer = China.
Therefore, Canada cannot afford to make China angry.
USA wants to pay off their massive debt, is becoming more and more protectionist. Many countries are having difficulties in making money off USA. Countries like Japan is forced to lean away from USA. The ties between China and Japan will becoming closer -> powerful group -> positive cycle.
USA = heavily into debt -> increase protectionism -> isolates itself -> negative cycle -> shrinking. If USA decides to default on their debt, they will be isolated by all the major economies in the world, even worse for them.
If USA pays off their debt by printing money, other countries measures their value return by GOLD. If their currency, worth as much as toilet paper, then everyone knows that they are cheating -> massive inflation in their own country. When other country lends you money, they calculate that in the value of GOLD. When you pay them back + interest, they also calculate that in the value of GOLD. If they give you more gold and get less gold back from you, then they know you are cheating, other countries will refuse to deal with them in future. So there is NO way around it. Agree?
Obviously….comments from a nickel CEO. Good luck! China has long term contracts with countries that they mine in. Why not because they require big investments before the mines become profitable. As the saying goes: ‘the early bird gets the worm’ and China is the early bird. Western countries are ‘Johnny come lately’ Also things like rare earth processing have Chinese IP which are currently restricted from licensing abroad. If the west wants to process rare earths, it will have to develop processing on its own,
China, stay ahead of the game. Start mass producing hydrogen fuel cell vehicles -> NO need to mine so many different types of minerals, causing environmental pollution. Hydrogen fuel cell vehicles, much simpler in design and trouble free, should cost even less than the current EV. China’s hydrogen fuel cell vehicles, buses, trucks, etc. coming to Canada. China needs to purchase land in Canada to build hydrogen pump stations and infrastructures across Canada.
This is what I read. Hydrogen is soon expected to be cheaper than most conventional fossil fuels. Governments around the world are increasing their support for hydrogen fuels, and there’s no obvious reason to believe this trend will reverse. China can buy Canadian AG, allowing Canada to make money from China. However, 1/3 profit goes to the English, 1/3 profit goes to the French, and 1/3 profit goes to China’s people in Canada. Chinese tourists can visit Canada = additional income for ALL Canada. China will make sure it is a win-win relationship between Canada and China. Do Canadians support that? Let your politicians know. China’s people in Canada need to survive. We do NOT want to face discrimination in Canada. If Canada cuts China’s people share of 1/3 profit, then China cuts its AG purchase from Canada, so NO one group gets their 1/3 profit, i.e. the English get zero, the French get zero as well. The distribution of the 1/3 profit that goes to China’s people in Canada, it can be handled by the Chinese government representative in Canada. The payment to the individual is based on his/her contribution. Some people contribute more, others contribute less, etc., much like how the English and the French distribute their wealth among their people, correct? So Canada and China think about it, see if it works out.
The political consensus on taxing Chinese imports is now complete — your move, Minister Freeland
Pierre Poilievre’s call for tariffs gives the government cover to act — but risks abound
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Comment:
Response: China places 200% tariffs on Canadian heavy oil and AG.