Canada's government purchases Vital Metals' rare earth materials, preventing sale to Chinese company.
Canada's government buys stockpiled rare earth materials from Vital Metals Ltd, preventing the company from selling to Chinese buyer Shenghe Resources Holding Co. This move is part of a broader strategy to block Chinese firms from further involvement in Canada's critical minerals sector, with Prime Minister Justin Trudeau's government recognizing the rare earths mine as a strategic asset.
June 17, 2024
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