Canada and allies considering trade measures against China and Indonesia over manipulation of nickel market, Freeland says

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The two Asian countries control much of the market, driving down the price and increasing the risk of Western rivals being choked out

A worker operates a truck as molten slag is poured into a container at PT Vale Indonesia's nickel processing plant in Sorowako, Indonesia, in September, 2023.Deputy Prime Minister Chrystia Freeland says that Canada and its allies are weighing taking action against China and Indonesia in the nickel market, as the two Asian countries tighten their collective grip in the critical mineral.

“It is our belief that that behaviour can be intentional, can be happening with the purpose of driving companies in our country, in those of our allies, out of business,” said Ms. Freeland. When asked if tariffs might be part of strategy Ms. Freeland said because the matter was so serious, it wouldn’t be appropriate to discuss the matter in public.

 

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