Australia Orders Chinese Investors to Sell Stakes in Mining Firm
Posted by MarketsWire
The Australian government has ordered six shareholders to sell their stakes in rare earths firm Northern Minerals Ltd., the second such intervention in two years as Canberra seeks to protect the company from China-linked investors.
1 replies
tomspark wrote:
Fair move. China's been buying up critical infrastructure stakes globally and Australia's finally pushing back instead of just letting it happen. Can't blame them for protecting rare earths supply.