Anita Anand said in a statement to The Logic that she would be reviewing the Swiss mining giant’s potential proposal to buy Canadian battery recycling startup Li-Cycle, though a deal has not yet been finalized or approved by Li-Cycle’s board committee. (The Logic)

Talking point: Anand said in the statement that the country’s future prosperity requires reliable access to critical minerals, and that investments in the sector will continue to get “enhanced scrutiny” to ensure foreign investment benefits the country. The statement also acknowledged that foreign investment is key to the mineral sector. If Glencore proceeds with the acquisition, it would help Li-Cycle out of a bind, given the 99 per cent plunge in its valuation since its IPO. Glencore’s acquisition of Teck Resources’s Elk Valley Resources last year was strictly monitored after a hostile takeover attempt, but a narrower deal was ultimately approved by the federal government.