pakistan
Australia orders China-linked shareholders to sell stakes in rare earths firm
Key takeaways
- Add ARY News on Google AAResize SYDNEY: 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 investors have in recent years sought to take sizeable positions in the Australia-based firm, and Canberra had already used the same rules to remove another batch of China-linked shareholders in 2024.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize SYDNEY: 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 investors have in recent years sought to take sizeable positions in the Australia-based firm, and Canberra had already used the same rules to remove another batch of China-linked shareholders in 2024.
Article preview — originally published by ARY News. Full story at the source.
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