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.
French President Emmanuel Macron has indicated he does not want Chinese investment in New Caledonia’s nickel industry. He is reportedly directing Emirati and Indian bidders toward the territory’s three loss-making smelters. This decision was communicated during a meeting with New Caledonian politicians, according to French politician Nicolas Metzdorf.
- 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.
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