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

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.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Canada and its allies are desperately trying to upend China’s dominance in the field and create a supply chain that relies on what it calls more stable and reliable partners.Article content The order requires Sinomine Rare Metals Resources to sell its investment in Vancouver-based Power Metals Corp., which has exploration projects for lithium, cesium and tantalum in northern Ontario.

Canada and the U.S. have both identified dozens of minerals and metals they deem essential to their future economic success.Article content

Now Canadian govts need a resource development process that can instill investor confidence.

Good grief this is closing the barn door after everyone has left. China is *far* ahead of the game, and Canada chose not to review recent sales of Canada-based lithium companies despite being on the critical mineral list and pleading from the US.

We already gave them much of our lng

Personally, I don't think we should put embargos on China until they do something bad like Russia did.

If it was to piss China off it it would be good because China restricts Canadian investment in Chinese mining. If that was the case it should have been a much broader ban, and not 3 small insignificant junior miners that don't actually mine anything.

Not sure why they needed to do this. Unless it was to piss China off (a rare thing) or just virtue signaling. The exploration money was welcome. They could restrict the export of the mineral if it was ever mined and produced. Lots of options if they wanted to control the metals.

Can we ask why China was part of our critical mineral industry or would that make me a “conspiracy theorist”?

Good news

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