Three Chinese companies ordered to divest as Ottawa moves to protect critical mineral industry cdnpoli
Champagne’s order comes less than a week after he said Canada would be limiting the involvement of foreign state-owned companies in the industry.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Canada and its allies are desperately trying to upend China’s dominance in the field and create a supply chain that relies on what it calls more stable and reliable partners.Article content The order requires Sinomine Rare Metals Resources to sell its investment in Vancouver-based Power Metals Corp., which has exploration projects for lithium, cesium and tantalum in northern Ontario.
Canada and the U.S. have both identified dozens of minerals and metals they deem essential to their future economic success.Article content
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