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caution over Chinese role in domestic battery supply chain continues","canadian-caution-over-chinese-role-in-domestic-battery-supply-chain-continues","article/canadian-caution-over-chinese-role-in-domestic-battery-supply-chain-continues",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":708,"featured":51,"reporter":709,"_editable":713,"component":714,"seo_title":553,"categories":715,"visibility":730,"author_company":49,"featured_image":731,"seo_description":708,"author_full_name":49,"author_job_title":49,"formattedDate":737,"formattedArticleDate":738},"3e81099e-d0b2-4924-aa03-5647c9d59d07","2024-03-27 00:00",[560,563],{"slug":561,"name":562},"canada","Canada",{"slug":564,"name":565},"china","China",[567],{"slug":568,"name":569,"content":570},"didi-bostock","Didi Bostock",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Editor - Energy Transition & Economics",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":577,"content":578},"doc",[579,586,591,606,614,632,637,642,654,661,666,671,676,681,686,699],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Canada has heightened scrutiny of Chinese investment in its critical raw materials sector as it continues to seek to reduce its dependence on the country. ","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"Western states are increasingly concerned by China’s dominance across the battery supply chain and are seeking to localise production in response. ",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594,596,604],{"text":595,"type":585},"Earlier this month, Jonathan Wilkinson, Canada’s Natural Resources Minister, spoke of democratic nations coming together to ensure critical raw material supply. This was also a key topic of discussions at Benchmark’s Giga Europe 2024 event, where policy representatives from the EU, Canada, and Australia emphasised the need for ",{"text":597,"type":585,"marks":598},"cooperation between Western nations",[599],{"type":600,"attrs":601},"link",{"href":602,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/article/australian-eu-and-canadian-representatives-urge-critical-minerals-cooperation","url",{"text":605,"type":585},". ",{"type":580,"attrs":607,"content":608},{"textAlign":49},[609],{"text":610,"type":585,"marks":611},"Watch the Building Global Alliances panel from Giga Europe 2024.",[612],{"type":613},"italic",{"type":580,"attrs":615,"content":616},{"textAlign":49},[617,621,628],{"text":618,"type":585,"marks":619},"Watch other presentations from the event ",[620],{"type":613},{"text":622,"type":585,"marks":623},"here",[624,627],{"type":600,"attrs":625},{"href":626,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://source.benchmarkminerals.com/downloads/presentations",{"type":613},{"text":629,"type":585,"marks":630},".",[631],{"type":613},{"type":580,"attrs":633,"content":634},{"textAlign":49},[635],{"text":636,"type":585},"“The Canadian government likely sees Chinese investment in this area as a national security risk because critical minerals are a strategic and somewhat sensitive area given their importance for energy security,” said Alex Becker, a policy analyst at Benchmark. ",{"type":580,"attrs":638,"content":639},{"textAlign":49},[640],{"text":641,"type":585},"Becker noted this development fits a broader trend in the relationship between the two countries which has been deteriorating for several years now.",{"type":580,"attrs":643,"content":644},{"textAlign":49},[645,647,653],{"text":646,"type":585},"Canada is forecast to produce more than 300,000 tonnes of natural graphite in 2030, accounting for 11% of global production, according to ",{"text":648,"type":585,"marks":649},"Benchmark’s Natural Graphite Forecast",[650],{"type":600,"attrs":651},{"href":652,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://www.benchmarkminerals.com/forecasts/natural-graphite/reports/",{"text":629,"type":585},{"type":655,"attrs":656,"content":658},"heading",{"level":657,"textAlign":49},4,[659],{"text":660,"type":585},"Scrutiny of Chinese ownership ",{"type":580,"attrs":662,"content":663},{"textAlign":49},[664],{"text":665,"type":585},"The Canadian government has previously limited sales of Canadian mining assets to Chinese companies and issued divestment orders to Chinese companies involved in Canadian lithium projects. China says this breaks international commerce and market rules.",{"type":580,"attrs":667,"content":668},{"textAlign":49},[669],{"text":670,"type":585},"In November 2022, the government of Canada requested Sinomine Rare Metals Resources to divest its interests in Power Metals; Chengze Lithium International Limited was required to divest from Lithium Chile; and Zangge Mining Investment was required to divest from Ultra Lithium.",{"type":580,"attrs":672,"content":673},{"textAlign":49},[674],{"text":675,"type":585},"Earlier this month, an agreement between Canada’s graphite mining company anode aspirant SRG Mining and China’s Carbon ONE New Energy Group (C-ONE) was terminated, reportedly following intervention by the Canadian government on national security grounds. ",{"type":580,"attrs":677,"content":678},{"textAlign":49},[679],{"text":680,"type":585},"The ending of the agreement highlights the broader conflict of trying to expand anode production whilst avoiding investment from China.",{"type":580,"attrs":682,"content":683},{"textAlign":49},[684],{"text":685,"type":585},"“Overall, collaborating with Chinese anode manufacturers could be advantageous for anode aspirants outside of China, as they can facilitate knowledge transfer and leverage the structural expertise and market dominance of these players,” said Tony Alderson, an anode analyst at Benchmark.",{"type":580,"attrs":687,"content":688},{"textAlign":49},[689,691,697],{"text":690,"type":585},"China is forecast to hold 93% of anode capacity in 2024, according to ",{"text":692,"type":585,"marks":693},"Benchmark’s Anode Forecast",[694],{"type":600,"attrs":695},{"href":696,"uuid":49,"anchor":49,"target":49,"linktype":603},"https://www.benchmarkminerals.com/price-assessments/anode/portal/?tab=table",{"text":698,"type":585},", and has superior technology and operating experience in anode production. Without access to this expertise in the short to mid term, anode aspirants may struggle to ramp up capacity to meet the demand for ex-China anode material.",{"type":580,"attrs":700,"content":701},{"textAlign":49},[702],{"type":703,"attrs":704},"image",{"id":49,"alt":705,"src":706,"title":49,"source":49,"copyright":49,"meta_data":707},"Stacked column chart comparing forecast anode production from China and the Rest of the world in 2024 to 2030","https://a.storyblok.com/f/287943243085208/aff805199b/bm-china-vs-row-anode-production-chart-1.png",{},"Canada has heightened scrutiny of Chinese investment in its critical raw materials sector as it continues to seek to reduce its dependence on the country. Western states are increasingly concerned by China’s dominance across the battery supply chain and are seeking to localise production in response. Earlier this month, Jonathan Wilkinson, Canada’s Natural Resources Minister, […]",[710],{"slug":568,"name":569,"content":711},{"job_title":571,"image":712,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"3e81099e-d0b2-4924-aa03-5647c9d59d07\", \"id\": \"\"}-->","article",[716,718,721,724,727],{"slug":717,"name":263},"anode",{"slug":719,"name":720},"batteries","Batteries",{"slug":722,"name":723},"critical-minerals","Critical Minerals",{"slug":725,"name":726},"geopolitics","Geopolitics",{"slug":728,"name":729},"graphite","Graphite","private",{"id":49,"alt":732,"name":733,"focus":733,"title":732,"source":733,"filename":734,"copyright":733,"fieldtype":735,"meta_data":736,"is_external_url":51},"Birds eye view of a mine in Canada","","https://a.storyblok.com/f/287943243085208/f1dbbf58a4/bm-canadian-mine.jpg","asset",{"alt":732,"title":732,"source":733,"copyright":733},"Mar 27, 2024","27th March 2024",[],[],1792773903425]