Nationalization Looms for Rare Earths Company Amid China-Linked Investor Dispute

A heavy rare earths company in Australia is facing the possibility of nationalization as China-linked investors persist in defying orders to divest. The government has deemed this company an ‘option’ for potential nationalization due to the investors’ failure to comply with the divestment orders issued by federal Treasurer Jim Chalmers. Despite the orders given in May, these investors still hold a significant portion of Northern Minerals, which is crucial for efforts to reduce China’s dominance in the critical minerals supply chain. Northern Minerals, developing the Browns Range project in Western Australia, plays a key role in providing alternative sources of…