Posted on 02/14/2022 7:17:29 AM PST by bitt
The Liberal government allowed a Chinese state-owned company to bid on a Canadian lithium mining operation without launching a formal national security review into the purchase.
As reported by the Globe and Mail, Chinese firm Zijin Mining and Canadian Neo Lithium Corp. have agreed to an acquisition and are close to completing their business deal.
The deal has been in the making since October when Zijin Mining first announced that it was looking at buying the Toronto company for a price tag of $960 million.
In 2021, Canada categorized lithium as a critical mineral. Lithium is predominantly used to manufacture electric vehicle batteries and is a comparatively rare element.
Additionally, in cooperation with US regulators, the two governments struck a deal to acquire battery minerals in order to outcompete China, which plays an outsized role in the rare earth mineral market.
According to Neo Lithium spokesperson Carlos Vicens, the Liberal government only conducted a brief initial security screening before giving the deal a green light.
(Excerpt) Read more at tnc.news ...
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Insanity...AND stupidity.
Why doesn’t Musk outbid China?
But of course they did.
Probably should buy an old motorcycle for $500. At least it will be reliable when CHina withholds batteries for all the EV’s.
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China will invest heavily in suffering industries nearby.
They will load liberal do-gooders billions.
Globalist Canadian elites will not be able to repay loans
Our northern border will be defacto with China not Canada sometime after that.
Watch them buy a commercial airport and Atlantic commercial seaport, then promise great benefits for their economy.
Trudeau is selling Canada to the CCP. Next up, Canada joins the CCP’s Belt and Road initiative. Followed by the importation of millions of Han Chinese to do labor.
Trudeau sucks.
Soon, Chinese owned foreign companies will out number those owned inside China. Who knows, it may already be so.
This is just plain WRONG!
Scary thought. What if the CCP shit down everything they owned at exactly the same time?
China has also been busy taking control of the lithium output of Chile, one of the world’s largest supplier. With domestic exploration and production stymied by idiot green saboteurs, China just might corner the market in the West.
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