Canada sees China as less 'dependable' partner on critical minerals, minister says

📆 9/26/2023 9:51 PM
📰 YahooFinanceCA

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Canada wants to reach deals with countries that are more 'dependable' trading partners than China for the supply and processing of the critical materials needed to power the energy transition, a Canadian minister said on Tuesday. 'Much of the critical mineral resources around the world is controlled by China ... We are in a geopolitical universe where China is a trading partner that is probably not as dependable as the countries with whom we share values,' Canada's Energy and Natural Resources Minister Jonathan Wilkinson said at a Canada-UK critical minerals investment forum in London.

FILE PHOTO: Canada's Minister of Energy and Natural Resources Wilkinson speaks during Question Period in the House of Commons, on Parliament Hill in Ottawa

"We have made pretty clear that we have concerns about the state-owned enterprises investing in critical minerals in Canada," he added. In March, Wilkinson told Reuters that the Canadian government would not force Chinese state investors to divest their stakes in large mining companies, including Teck Resources, Ivanhoe Mines and First Quantum Minerals, to avoid policy uncertainty.

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