WORLD_ Chinese-Linked Firms Defy Australian Order to Sell Off Stakes in Rare Earth Miner (Alfred Bui - THE EPOCH TIMES)

THE EPOCH TIMES

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

The company is developing the Browns Range Heavy Rare Earths Project in Western Australia, a source of dysprosium and terbium.

Australian Treasurer Jim Chalmers takes questions from the media in Canberra, Australia at Parliament House on May 13, 2026. Hilary Wardhaugh/Getty Images

Alfred Bui
7/8/2026|Updated: 7/8/2026

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 earth elements used in electric vehicles, wind turbines, and defence applications.

The affected shares, numbering about 1.7 billion, were worth $40 million (US$27.7 million) and accounted for 17.58 percent of the company’s total shares:

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READ MORE: https://www.theepochtimes.com/world/chinese-linked-firms-defy-australian-order-to-sell-off-stakes-in-rare-earth-miner-6058815?ea_src=frontpage&ea_med=section-2

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