During a panel discussion in Washington on Wednesday, Natural Resources Minister Jonathan Wilkinson proposed that enforcing a floor on metals prices could be “one of the centerpieces of the conversations we would then be having at the G7” summit later this year. (The Logic)
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During a panel discussion in Washington on Wednesday, Natural Resources Minister Jonathan Wilkinson proposed that enforcing a floor on metals prices could be “one of the centerpieces of the conversations we would then be having at the G7” summit later this year. (The Logic)
Talking point: Western nations have long warned that China’s dominance in everything from nickel to lithium has let the country’s producers flood the market with supply, thereby keeping prices artificially low for competitors. Wilkinson has touted price floors as a way to combat that market control, and also proposed on Wednesday that Ottawa could invest in Canadian germanium alongside the U.S. to bolster North American supply. Price control talks at the G7 summit, which will be held in Alberta this coming June, could also be expanded to include other allied nations, Wilkinson said. “We cannot be in a position where China can simply manipulate the market, and we’ve seen it recently with nickel.”
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