Decoupling from China is a lot harder than it sounds
The town of 14,000 on the St. Lawrence River is seeking to become a hub for battery-component manufacturing, boosted by government incentives and access to cheap, clean and abundant hydroelectricity. Germany’s BASF and South Korea’s POSCO have also announced plans to build battery-component facilities there.
Benchmark Mineral Intelligence, which tracks critical mineral pricing and capacity, recently estimated that China controls 91 per cent of anode production and 78 per cent of cathode production. Its global share of cathode active material is set to rise to 87 per cent by 2030. Hence the immensity of the challenge facing Mr. Champagne, who recently called for an economic “decoupling” from China and ordered Chinese state-owned companies to divest their stakes three Canadian-based critical minerals companies on national security grounds. Ottawa has so far continued to allow China’s Sinomine Resource Group to own this country’s only operational lithium mine in Manitoba. Production from the mine is shipped to China for processing and use in that country’s EV industry.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Opinion | Puzzling revelations about Justin Trudeau’s confrontation with ChinaShould we conclude that Justin Trudeau out the President Xi and put him on the spot without having been briefed by our own intelligence experts?
اقرأ أكثر »
Canada doesn’t understand the Indo-PacificFREDERICTON, N.B.—Last week, Prime Minister Justin Trudeau and Global Affairs Minister Mélanie Joly were in the Asia Pacific, attending regional multilateral institutional meetings related to the Association of Southeast Asian Nations (ASEAN), the G20 and Asia-Pacific Economic Cooperation (APEC). When she returns, Joly has promised to finally release Canada’s policy on the “Indo-Pacific.” However, recent speeches by Joly, Minister of Finance Chrystia Freeland, and Minister of Innovation, Science and Industry François-Philippe Champagne foreshadow that policy, and indicate that Canada has chosen to make China an adversary. This decision illustrates how little independence Canadian policymakers feel they have from the United States. But it also illustrates how little Canada understands the Indo-Pacific region. Canada aligns with the U.S. insofar as both countries portray China as a “disruptive” influence which must be contained. This objective is opposed by most Asian states. In 2019, ASEAN issued its “ASEAN Outlook on the Indo-Pacific,” in which it emphasizes the Asia Pacific as a region of co-operation and mutual benefit. Southeast Asia is not anti-Chinese. Indeed, regional states are telling Australia that it is going too far in its hostility to China. Southeast Asian states are wary of China’s size and power. They are concerned by China’s excessive claims in the South China Sea. They want the U.S. to balance China. However, they understand that China will always be their neighbour. Wariness of China does not mean they see it as a “threat.” They do not want to take sides in any competition between the two superpowers. America’s increasingly aggressive and provocative attacks on China seem designed to force a confrontation. America’s ideological rhetoric—which Canada has adopted—is alienating regional states. Freeland’s recent speech at the Brookings Institution in New York rejected the liberal international economic order. According to her, this order had failed to
اقرأ أكثر »
Opinion: Jewish voices aren’t heard when we call out hateMy lived experience with anti-Black racism was seldom questioned. As a Jewish person, the same is not true.
اقرأ أكثر »
Opinion: Internet-based mental-health care deserves a boostOntario recently cut funds for online therapy programs. It should be doing the opposite, write Jinyuru Yang, Abrar Ahmed and Peter Zhang.
اقرأ أكثر »