U.S. Lawmaker Raises Alarm Over Ivanhoe Atlantic’s Alleged China Ties

U.S. Congressman John Moolenaar expresses concerns over Ivanhoe Atlantic's alleged ties with the Chinese Communist Party. This comes amid increasing scrutiny on U.S. economic relationships with Chinese interests. Ivanhoe Mines and CITIC Group's shares in mining ventures have highlighted critical mineral supply chain security risks.

U.S. Congressman John Moolenaar has raised concerns regarding Ivanhoe Atlantic's alleged connections to the Chinese Communist Party, expressed in a letter to Secretary of State Marco Rubio. Moolenaar claims that Ivanhoe Atlantic has significant ties to Chinese state-owned enterprises, causing national security apprehensions.

In response, Ivanhoe Atlantic clarified that it operates independently of Ivanhoe Mines, countering Moolenaar's assertion of them being sister companies. The conglomerate stressed that any claims suggesting Chinese influence over Ivanhoe Atlantic are misleading and factually incorrect.

The discussion highlights broader tensions regarding U.S. reliance on Chinese-controlled supply chains. Moolenaar pointed to the U.S. Federal Communications Commission's actions and the Uyghur Forced Labor Prevention Act to emphasize China's controversial practices. Ivanhoe Atlantic insists its strategy is to bolster U.S. supply chains, maintaining exclusive mineral supply routes outside China.

(With inputs from agencies.)