Australia Orders China-Linked Investors to Sell Rare Earths Stakes
The Australian government has issued an order for several investors with ties to China to divest their stakes in Northern Minerals, a rare earths mining company. This directive underscores national security concerns regarding foreign ownership in critical mineral sectors.
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Australia orders firms to sell stakes in rare earths miner
The treasurer ordered China-linked companies to divest of Northern Minerals to protect Australia's interests.
Read full article →Australia forces China-linked investors to sell Northern Minerals stake
Read full article →Australia orders China-linked investors to sell stakes in rare earths firm
Australia on Monday ordered a string of China-linked shareholders to sell their stakes in a rare earths firm, citing the need to protect the sector from outside influences. Northern Minerals is vying to challenge China’s dominance of dysprosium production, a rare earth mineral that is used to make high-performance magnets used in electric vehicles. Chinese […]
By AFP
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