Federal government moves to cut China out of Canadian critical mineral industry


Source: cbc.ca cbc.ca

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After a national security review, Innovation Minister François-Philippe Champagne is ordering three Chinese resource companies to sell their interests in Canadian critical mineral firms. 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. Critical minerals and metals, such as lithium, cadmium, nickel and cobalt, are essential components of everything from wind turbines and electric cars to laptops, solar panels and rechargeable batteries. China is the dominant player in critical mineral refining and processing, and in the manufacturing supply chain of battery cell components. But China does...