Government could block projects based on national security reasons. Foreign companies must give advance notice before investing in strategic sectors.
The bloc will also be attentive to deep-sea mining developments.
The act aims to strengthen the EU raw materials sector. Besides praise, there is also skepticism.
The EU Council gives final approval—the first Europe-wide law on the supply of critical minerals comes into force in a few weeks.
Minister to visit China next month to seek out investment into a rare earth refinery.
Support pledged for "most environmentally sustainable plant in the world". Through efficiency and sustainability, Canada wants to compete with raw materials giant China.