Canada tightens foreign investment rules to protect security of critical mineral supply chains


Source: scmp.com scmp.com

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Canada earlier this month published a list of 31 minerals deemed critical to its economy, among them aluminium, cobalt, copper and nickel Canada recently rejected Shandong Gold’s bid for Arctic miner TMAC Resources on national security grounds The move comes as the US government works with Canada to boost regional supply chains to counter China’s dominance in the mineral sector. Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, a government official said on Thursday, ahead of an expected surge in demand for metals used to make electric vehicles. The move comes as the...