G7 countries are set to announce a critical minerals pact this week aimed at countering China’s market-distorting practices, Energy and Natural Resources Minister Tim Hodgson says.
Hodgson and Environment Minister Julie Dabrusin are hosting a two-day G7 meeting of energy and environment ministers in Toronto this week. Hodgson said a critical minerals pact, set to be unveiled on the second day of the meeting, Oct. 31, will aim to strengthen supply chains and reduce reliance on China.
“You should expect the G7 to focus on any critical mineral where we believe there is general non-market activity, non-free trade type activity to restrict and constrain a normal supply chain,” Hodgson told The Globe and Mail in an interview….