Australia Orders Chinese Investors to Reduce Stakes in Northern Minerals

Move to safeguard national interests amid strategic importance of rare earths sector

Chinese-linked Yuxiao Fund and four associates must divest shares in Northern Minerals within 60 days.
The decision follows advice from Australia's Foreign Investment Review Board to protect national interests.
Northern Minerals is developing the Browns Range project, crucial for green energy and defense applications.
Australia seeks to diversify its critical minerals industry away from China's dominance.
Recent changes in Northern Minerals' board and pending foreign investment decisions highlight ongoing tensions.