Amazingly, the US military is initiating contacts with Canadian nickel & lithium mining companies, with the potential to fund them, to more rapid development!
This has no direct relevance to BSX- but this extraordinary US policy again reinforces the widespread, strategic concerns (inc. reliable supply chains), amongst democratic countries, over the large deficit in critical minerals required for the EV revolution- including defence applications.
BSX's large Ni resources (Vietnam, plus interests in WA & Canada) is "scarce", & highly coveted.
Financial Post N. Karim, 16.11.22, said
"The United States military is talking to Canadian miners about potentially funding some critical minerals projects in Canada, the latest evidence of President Joe Biden’s administration’s commitment to cutting its reliance on China for the metals needed to build defence equipment and expand the electric vehicle (EV) market...
Aaron Shull, managing director at the Centre for International Governance Innovation, a think-tank, said the American government’s discussions with Canadian miners were “tactically part of a broader strategy” on how Western democracies confront “adversarial authoritarian state actors” such as China, which dominates the EV sector".
