Reported about 1 year ago
Canada has announced that major deals targeting the country's critical mineral producers will only be approved under exceptional circumstances, as stated by Industry Minister Francois-Philippe Champagne. The government's strict conditions were seen in the approval of Glencore's acquisition of Teck Resources' steelmaking coal business, reflecting the strategic importance of minerals like copper, lithium, and nickel in modern technology and the energy transition. Canada aims to protect its critical mineral sector by setting a high bar for approving such deals, with a focus on assessing their net benefits and ensuring national interest.
Source: YAHOO