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.

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

The country due to ban raw mineral exports from June.

Thousands of jobs would be at risk, Conservative Leader Pierre Poilievre said in a statement.

The Mexican government proposed last month reforms to the sector.