Chinese-Linked Firms Defy Australian Order to Sell Off Stakes in Rare Earth Miner

Chinese-Linked Firms Defy Australian Order to Sell Off Stakes in Rare Earth Miner

Six Chinese-linked companies have refused to comply with Australian Treasurer Jim Chalmers’ order to divest their stakes in a Perth-based rare earth mining company. On May 17, Chalmers issued the order requiring the China-linked companies and individuals to sell their shares in Northern Minerals Limited.  The company is developing the Browns Range Heavy Rare Earths Project in Western Australia, a source of dysprosium and terbium—critical rare ea…