Canada tightens foreign investment rules to protect security of critical mineral supply chains

//Canada tightens foreign investment rules to protect security of critical mineral supply chains

Canada tightens foreign investment rules to protect security of critical mineral supply chains

Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, a government official said on Thursday, ahead of an expected surge in demand for metals used to make electric vehicles.The move comes as the US government works with Canada to boost regional supply chains to counter China’s dominance in the sector.The updated guidelines mean proposed takeovers of companies specialising in critical minerals and sensitive personal data, as well as investments…

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By | 2021-03-25T18:52:32+00:00 March 25th, 2021|World|Comments Off on Canada tightens foreign investment rules to protect security of critical mineral supply chains