Canada has forced Chinese companies to sell their lithium mining assets in a move to secure the country's supply of 'critical minerals.'
Associated PressOTTAWA, Ontario — Three Chinese companies have been ordered to sell lithium mining assets in Canada after the country's government imposed limits on foreign involvement in supplying “critical minerals” used inThe order Wednesday comes as tensions between the West and China mount over control of sources of lithium, rare earths, cadmium and other minerals used in mobile phones, wind turbines, solar cells,Chinese miners are investing in production in Africa, Latin America,...
The Chinese government criticized the order as a violation of market principles and called on Canada to reverse its decision. Western governments want industrial supply chains controlled by allies following Russia’s attack on Ukraine, which disrupted global oil and gas markets, and tension with China, which produces most of the world’s rare earths.
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