China to invest in Canadian mining despite crackdown, envoy says
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.
Powered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.
The ranks of the most valuable mining companies in the world were throughly scrambled in 2023 as governments intervened, lithium and nickel prices tumbled, gold hit records and a new listing went ballistic.
A tumultuous year for the global mining industry: collapse of lithium prices, furious M&A activity, gold’s new record and state intervention in mining on a scale not seen in decades.
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.