#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.