China protests Canada’s restrictions on lithium investment

A Chinese Commerce Ministry spokesman said today that Beijing is protesting Ottawa’s restrictions on three Chinese companies investing in lithium mining in Canada.

“China strongly opposes Canadian measures that disrupt and obstruct normal trade cooperation between Chinese and Canadian companies under the pretext of protecting national security,” the spokesman added.

The spokesman stressed that China will resolutely take all necessary measures to protect the legitimate rights and interests of Chinese enterprises.

Previously, the Canadian government instructed three Chinese companies to withdraw their investments in Canadian companies involved in the extraction of important minerals, especially lithium, on national security grounds.

The Canadian government asked Sinomine to sell its investment in Power Metals Corp and Chengze Lithium to divest Lithium Chile Inc. The Canadian government has also asked Zangge Mining to exit Ultra Lithium Inc.

Source: TASS

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