Australia orders China-linked investors to sell stakes in rare earths firm
Australia has mandated that several China-linked investors divest their stakes in Northern Minerals to safeguard the rare earths sector from foreign control. This decision comes as Northern Minerals aims to challenge China's dominance in dysprosium production, crucial for electric vehicle manufacturing. The Australian government has previously taken similar actions to protect its national interests in critical minerals.
- ▪Australia ordered six shareholders with ties to China to sell their stakes in Northern Minerals.
- ▪Northern Minerals is attempting to reduce China's influence in dysprosium production, which is vital for high-performance magnets.
- ▪The Australian government has previously intervened to force other Chinese investors to divest from Northern Minerals.
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Australia ordered a string of China-linked shareholders to sell their stakes in a rare earths firm on Monday (May 18, 2026), citing the need to protect the sector from foreign control.Northern Minerals is vying to challenge China's dominance of dysprosium production, a rare earth mineral used to make high-performance magnets used in electric vehicles.Chinese investors have been snapping up shares in an effort to exert sway over the firm — on one occasion even launching a bid to topple its chair.
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