Australia treasurer orders six shareholders to divest from Northern Minerals - Reuters

Australia treasurer orders six shareholders to divest from Northern Minerals  Reuters

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.

Australia forces China-linked investors to sell Northern Minerals stake

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