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General Motors and POSCO Chemical to build C$500M facility in Quebec

Mar. 07, 2022 10:25 AM ETGeneral Motors Company (GM)By: Niloofer Shaikh, SA News Editor3 Comments

General Motors Posts $2.8 Billion Profit In Second Quarter

Mario Tama/Getty Images News

  • General Motors (GM -3.3%) and POSCO Chemical to build a new facility in Bécancour, Quebec, estimated at C$500M.
  • The new facility will produce cathode active material (CAM) for GM's Ultium batteries, which will power electric vehicles such as the

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Comments (3)

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The Technology Metals Analyst profile picture
1,000,000 BEVs will require 90 gigawatt hours of batteries,which will require a minimum of 36,000 tons of lithium (measured as carbonate).
leftside profile picture
@The Technology Metals Analyst Which Canadian (preferably Quebec or Ontario based) lithium miners should we be looking at? For me it’s Frontier Lithium and Critical Elements.
GM added to my watch list.........The entire market is terribly oversold but I'm only focused on the really cheap stocks.

I may take a starter position today.

Edit: started small $ 40.65
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