PowerCo has secured a deal with Novonix to supply graphite for electric vehicle batteries, marking a significant step for the St. Thomas manufacturer expected to start production in 2027. The five-year contract will provide 32,000 tonnes of graphite material for PowerCo’s plants in Germany, Spain, and St. Thomas, with plans for expansion in North America. The $7 billion investment in the St. Thomas plant is set to create 3,000 jobs upon opening, with construction beginning in 2025 and growing demand for graphite in EV batteries driving the industry forward.
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Trump could crush Canada's softwood exports. Here's how a new crisis could play out
Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada's market share further and push for tariffs that could bolster U.S. production. Explain It To Me Like I'm 5: The ongoing trade tensions...
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