Trudeau promised that, if the government is asked to approve a deal, it will be consistent in applying Canada’s takeover rules “so investors can know what they’re getting into.”

“In the longer term, the energy transition could significantly lift the demand for some metals, notably lithium, copper, and nickel,” the bank said.

Increased geopolitical risks have impacted the company's financial results and created new challenges for its operational and sales activities, the company said.

JP Morgan sees global copper mine production rising by 2.6% in 2023.

Automaker has signed an agreement with the miner for the supply of battery grade nickel and cobalt sulphate from the NiWest project.

An accord would essentially allow EU companies to take advantage of some of the benefits in the IRA.

The country due to ban raw mineral exports from June.