Canada ordered three Chinese companies on Wednesday to divest their investments in Canadian critical minerals, citing national security.China in response accused Ottawa of using national security as a pretext and said the divestment order broke international commerce and market rules.
The three ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge Mining Investment (Chengdu) Co Ltd.
The Canadian government ordered the divestiture after "rigorous scrutiny" of foreign firms by Canada's national security and intelligence community, Industry Minister Francois-Philippe Champagne said in a statement.
The Bear Market Rally Of Oct22-Mar24 Is Over
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The bear market rally which began on October 13, 2022 with an intraday low
of 3,492 topped on March 28, 2024 with an intrday high of 5,265. From top
to bot...
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