China to Invest in Canada Mining Despite Crackdown, Envoy Says [Financial Post (Toronto, Ontario, Canada)]
Lithium Americas (Argentina) Corp. Common Shares (LAAC)
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Source: Financial Post
Author of the article: (Bloomberg) — China's ambassador says the country will continue to do business in Canada's domestic critical minerals sector despite Prime Minister Justin Trudeau's “unfortunate” crackdown on foreign investment. Ambassador Cong Peiwu said the Canadian government is “wrong” to prevent Chinese investors from buying majority stakes in domestic mining companies, like it did in 2022 when it forced three Chinese state-owned firms to divest from a trio of lithium companies. Article content Article content “Politicizing normal commercial cooperation and using national security as a pretext for political interference is wrong. China has expressed firm opposition to this,” said Cong in an interview with Bloomberg News on Wednesday. “We'll continue to do business on the basis of mutual respect and mutual benefit.” The comments follow remarks by Canada's Natural Resources Minister Jonathan Wilkinson last week warning miners that Chinese stakes will face stric
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