Chill on China Investment Creates ‘Gap’ for Canada Miners, Lithium CEO Says
- Frontier Lithium’s Walker says Canada needs to step up support
- Canada rules limit investment from state-owned entities
Lithium rocks. The federal government strengthened rules around foreign investments in critical minerals last month and ordered three Chinese firms to sell their stakes in a trio of Canadian lithium explorers.
Photographer: Carla Gottgens/BloombergCanada needs to quickly ramp up support for the nation’s critical minerals industry to counter a “gap” caused by its recent crackdown on foreign investment, says Frontier Lithium Inc.’s top executive.
The government’s move to limit investment from state-owned entities into Canada’s critical minerals resources is causing stress in the mining industry, Chief Executive Officer Trevor Walker said Tuesday in a BNN Bloomberg TV interview. Walker, whose firm is exploring for lithium in northern Ontario, cited the “tightening” of China investment into Canada as of particular concern.