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kittywrastler t1_iudstpq wrote

Reply to comment by sweet1william in Canada restricting foreign state-owned firms from critical mineral industry by NineteenSixtySix

It will limit investment Id assume?

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circ_le_jerk_69 t1_iudtiux wrote

I'm pretty certain that's the entire point - to limit investment from potentially hostile foreign state-owned firms.

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RalphNLD t1_iudxh4v wrote

Do you think the critical mining industry will struggle to find investment?

Investors will be tumbling over eachother to get in on these things, and even if they aren't the strategic value of these resources is so great the government will happily fund it.

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shashinqua t1_iueeu6l wrote

Or course they will. A First Nation coworker has family that live near the cleanest source of nickel in the world, and they’ve had a very hard time getting it mined. It’s the cleanest source of nickel for EV batteries in the world so they finally got help from Elon Musk to get started. He often pays more for cleaner raw materials.

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kittywrastler t1_iue3ggf wrote

The government can fund private companies you mean, or they will nationalize it?

A problem I see with it, and why private investment is currently low, is that there is too much regulation. It wipes out a huge amount of wildlife and destroys the environment, obviously. So would they then lessen regulation on themselves?

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