In a statement, the Chinese Ministry of Commerce encouraged Canada to refrain from politicising business-related matters.
The Canadian decision came after the issuance of new directives from the Canadian government, announced about two weeks ago, which puts more difficulties for companies owned by foreign countries in entering deals targeting highly important minerals, including lithium, nickel, copper and uranium in the country rich in their mineral resources.
A previous statement from the Canadian Minister of Industry stated that the transactions and deals carried out by companies owned by foreign countries will be approved only “exceptionally. ”
The production of electric car batteries and other technological items relies heavily on lithium, which is regarded as a strategic mineral.
The rare metal resources business “Sinomine” was required by Canada to stop investing in “Power Metals,” a Vancouver-based company, while Chengzi Lythium International was “obligated to withdraw from” the Lithium Chili “company, according to a statement from the federal government released last week. The company “Zanghi Maining Investment – Xingdo” was instructed to withdraw from the Vancouver-based “Ultra Lithium” corporation by its Calgary headquarters.
China disagrees with Canada’s choice to engage in lithium mining.
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