Why didn’t the US consider buying Canada’s key mineral company in China?


A trio of Republican lawmakers is the five chief secretaries of the Biden administration to explain why a Chinese Communist Party (CCP) -controlled company was able to acquire Canada’s Neolithium without a government review by Prime Minister Justin Trudeau. I am disagreeing with.

“Canadian mining company NeoLithium Corp was recently acquired by Chinese state-owned company Zijin Mining Group Ltd,” three Republican lawmakers wrote on February 23. letter.. “This transaction required a review and consent from the Government of Canada.”

This letter was written by members of the House of Representatives Michael Waltz (Republican), Elise Stefanik (Republican), and Lance Gooden (Republican). Their letters were addressed to Secretary of Defense Antony Blinken, Secretary of Defense Lloyd Austin, Secretary of Energy Jennifer Granholm, Secretary of Commerce Gina Raimondo, and Secretary of Interior Deb Haaland.

“Acquisition by [CCP] An important Canadian mineral mining company implementing an existing lithium project in South America is very concerned. [U.S.] And Canada’s understanding of the threat posed by the Chinese Communist Party, “reads the letter. “The Government of Canada’s collusion approval also raises questions about the extent of cooperation with the United States in accordance with the Action Plan, such as whether the United States government was aware of or notified of pending transactions.”

The action plan mentioned in the letter is a joint action plan (action plan) for important mineral cooperation between the United States and Canada, which was agreed in January 2020 by then-Presidents Donald Trump and Trudeau.

The agreement aimed to ensure communication and cooperation between the two countries regarding the extraction, operation and ownership of expanded “important minerals”.

Important minerals are extremely rare mineral resources such as lithium, platinum and tellurium, which are essential for high-tech products such as wind turbines, electric vehicle (EV) batteries, solar panels, computer displays and mobile phones, and for military applications. ..

All five Cabinet Secretaries addressed in a letter from the House GOP Trio are obliged under the Action Plan. All secretaries are appointed by President Joe Biden.

NeoLithium Corp by a company managed by CCP.The acquisition of completion Last month, Zijin Mining Group Ltd. Has been given control of the 3Q Lithium Brine Project in Argentina.

The Trudeau government did not carry out the reviews required by the Action Plan Agreement with the United States.But just a year ago, the Canadian government It was conducted Such a review subsequently rejected an offer to acquire an important and important mineral mine by another CCP-managed company.

In a letter, a GOP representative said, “At least the Action Plan will facilitate cooperation to share information and analysis and make overall adjustments to secure the US and Canadian supply chains of key minerals. The purpose is to promote it. “

The representative requested that the Cabinet Secretary be provided with a comprehensive briefing and materials on all Action Plans “Involvement, Initiatives, Dialogues, Recommendations, and Information” generated by the US Government. The action plan does not consider such documents to be public. The document should be available in Parliament, but not provided by the Biden administration.

They also requested a copy of the “Notice or Contact between the Government of Canada and the U.S. Agency Regarding the Acquisition of Neolithium” and “The U.S. Does Not Formal Review of the Transaction and Does Not Submit the November Record of Secretary Lymond. Legal legitimacy “was sought. Meeting with Fran├žois Philippe Champagne, Minister of Industry. “

Champagne Said Parliament of Canada recently believed that authorities had no reason to block the takeover.

Champagne did not address the issues associated with the use of Chinese slave labor in the acquisition of important minerals, especially in the production of lithium batteries required for EVs.

Last year, Democrats from the House Energy and Commerce Committee defeated Republican efforts to ban the use of federal funds to buy products made from slave labor. The country most often mentioned in the discussions on Republican proposals was China. Millions of Muslim Uighurs used forced labor in such production.

Congo, which contains most of the world’s cobalt, which is also needed for EV batteries, was also frequently mentioned. China controls most of the cobalt mining in Congo and the mining of lithium.

The Biden administration wants the United States to shift its public and private transportation systems from reliance on internal combustion engines to electricity. The Commission’s approval of the Republican proposal would have created a major obstacle to Biden’s goal of making half of all US new car purchases EV by 2030.

Mark Tapscott

Parliamentary correspondent

follow

Correspondent of the Epoch Times Parliament.

Posted on