PUBLICATION
Canada Chemicals 2008 IHS CW Release
Canada has long been home to a highly competitive and innovative Chemical industry. Its traditional heartland may be in Ontario, where eight of the 10 largest chemical companies in the world still maintain offices but, today the industry is truly pan-Canadian. Profiting from an abundance of relatively cheap feedstock, Alberta, as we shall see a little later, plays host to a burgeoning petrochemical industry; whilst on the other side of the country, Quebec is the home to the bulk of Canada’s pharmaceutical industry, with Montreal as the center of operations. From Nova Scotia to British Colombia, the country’s chemical industry is characterized by a deep pool of talented individuals, with a commitment to cutting edge R&D and a level of innovation that is admired worldwide – a fact clearly demonstrated by the large number of Canadian ex-pats deploying their skills overseas.
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It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.
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