#Ottawa looks on as #China buys #Canadian #Lithium operations

Efforts to strengthen Canada’s supply chains for critical minerals were undermined last week when our own government decided not to conduct a national security review into the purchase of a Canadian lithium producer by a Chinese state-owned enterprise.

The decision is bizarre. Lithium, which is on a list of 31 minerals that Ottawa says are critical to Canada’s economy, is imperative to modern manufacturing, including large-scale battery storage needed for clean energy transition and, significantly, batteries for the flourishing electric vehicle (EV) industry.

Now the Zijin Mining Group Ltd is cleared to buy Toronto-based Neo Lithium Corp.

China is establishing global dominance of high-tech manufacturing, including EVs, by having state-owned enterprises acquire foreign intellectual property, technologies and assets. Securing access to critical minerals is essential to that mission.

Read more at: Ottawa looks on as China buys Canadian lithium operations | The Star

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s