Company/Division name | Electra Battery Materials Corp. |
Type of work | Manufacturing |
Reshoring category: | Nearshoring |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 250 |
State(s) reshored to: | Canada |
If relevant, work nearshored to: | - |
Industry(ies): | Nonmetallic Mineral Products |
Product(s) reshored | cobalt sulfate for lithium ion batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives |
Government Incentive dollar amount: | $20 million award from the US government |