Less than a year after the federal government approved the takeover of Neo Lithium by China's Zijin Mining without a full national security review under the Canada Investment Act, it has signalled an entirely new approach to Chinese investment in Canada's critical minerals sector. The Minister of Innovation, Science and Industry, Francois-Philippe Champagne issued new guidelines on Oct.28 regarding foreign investment in the sector, which is key to Canada's competitiveness in a future low-carbon global economy. Had they been in place at the time of the Neo Lithium takeover, which closed in January this year, it's probable - if not 100% certain - that the deal would have been rejected.
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