Canada Tightens Grip on Critical Minerals Sector, Raising Bar for M&A Approvals Canada has announced a stringent new policy regarding large mergers and acquisitions in its critical minerals sector. Industry Minister Francois-Philippe Champagne stated that such deals would only be approved under “the most exceptional circumstances,” emphasizing the strategic importance of 31 identified critical minerals, including copper, lithium, and nickel. This policy shift, revealed alongside the conditional approval of Glencore’s acquisition of Teck Resources’ steelmaking coal business, signals Canada’s intent to protect its strategic resources. The government will use the Investment Canada Act to assess the net benefit of these deals to the country, with a particularly high bar set for foreign investments in critical mineral producers, especially those involving copper mining companies. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts WGC: Gold Market Commentary: Higher-for-longer: Inflation not growth READ MORE Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead READ MORE Gold's Chart Tells a Bullish Tale, Yet Investor Confidence Remains Shaky READ MORE Gold Eyes Second Weekly Gain Amid U.S. Rate-Cut Hopes READ MORE Jamie Dimon Warns of Imminent Economic Cliff Due to U.S. Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment