CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
OPTI Canada, a bankrupt oil sands producer, has agreed to sell itself to a wholly-owned subsidiary of the China National Offshore Oil Corporation, in a deal worth $2.1 billion, the company said on Wednesday.
Cnooc, as the Chinese oil giant is known, has been an active deal maker as it seeks to feed China’s ravenous demand for energy.
