Once touted as solution to China in rare earth market, N.W.T. project now taking Chinese investment
A Chinese company is buying from and investing in a rare earth project in the N.W.T. — which, for years, had been marketed as a way for Canada to reduce its reliance on China for a material that’s crucial in types of low-carbon technology.
![Once touted as solution to China in rare earth market, N.W.T. project now taking Chinese investment](https://i.cbc.ca/1.6463161.1703012695!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/rare-earth-minerals-20220522.jpg)
![Members of the Yellowknives Dene First Nation look at the first bastnaesite concentrate produced on July 21, 2021 at the Cheetah Resources’ Nechalacho Project near Yellowknife. A group of people in safety vests and hardhats surround a big bag filled with rocks.](https://i.cbc.ca/1.6463161.1703012695!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/rare-earth-minerals-20220522.jpg)
A Chinese company is buying from and investing in a rare earth project in the N.W.T. — which, for years, had been marketed as a way for Canada to reduce its reliance on China for a material that’s crucial in types of low-carbon technology.