Macron Shuts Door on Chinese Investors in New Caledonia’s Nickel Industry
A New Caledonian member of the French National Assembly says the president has ruled out Chinese involvement in the territory's critical minerals sector.
TL;DR
- French President Emmanuel Macron has reportedly rejected Chinese investment in New Caledonia's nickel industry.
- Macron is favoring Emirati and Indian bidders for the territory's three loss-making nickel smelters.
- The decision was conveyed during a meeting with New Caledonian politicians, as stated by French politician Nicolas Metzdorf.
- China is referred to as the 'Middle Kingdom' in the account.
- Emirati and Indian groups are cited as 'France's leading allies,' with defense ties mentioned.