Canada is allowing the Chinese acquisition of a fast-growing lithium miner, despite the mineral's strategic importance.
Credit: Neo Lithium
China’s bid to lead the world in producing the batteries that power electric vehicles has led it on a global quest to buy up critical mineral supplies. In Canada, a recent decision by the government to wave through the Chinese acquisition of a fast-growing lithium miner has some worried it’s being handed an advantage on a plate.
Zijin Mining, one of China’s largest miners by market capitalization, announced in October that it would spend $770 million to acquire Toronto-listed Neo Lithiu
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