Australia Orders Chinese Firms to Divest from Rare Earths Miner to Protect National Interests
Australia has mandated that companies linked to China divest their stakes in Northern Minerals, a firm developing a rare earth mine. This decision, announced by Treasurer Jim Chalmers, is aimed at safeguarding Australia's national interests amid concerns over Chinese investors attempting to gain control of Northern Minerals. The company is working on the Browns Range project in Western Australia, which is rich in dysprosium and terbium, essential for high-performance magnets used in clean energy and defense applications. The order requires six companies to sell their stakes within two weeks, reinforcing Australia's commitment to a robust foreign investment framework. 
