Move comes after ‘multi-step’ review by Canada’s national security and intelligence agencies
Canada has ordered China to immediately sell its holdings in three Canadian mining companies, as the need for investments in the extraction of critical minerals clashes with growing concerns over national security.
Critical minerals and metals include lithium, cadmium, nickel and cobalt. They are essential for clean energy technologies, including turbines and electric cars and solar panels. They are also a necessary part of laptop computers and rechargeable batteries.has become the largest refiner and processor of critical minerals, building an extensive supply chain that relies on overseas mines for raw materials.
According to Champagne’s directive, Sinomine Rare Metals Resources Co Ltd, Chengze Lithium International Ltd and Zangge Mining Investment Co Ltd must sell their stakes in Power Metals Corp, Lithium Chile Inc and Ultra Lithium Inc.
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