Sydney — Northern Minerals on Tuesday said Australia’s government blocked the heavy rare earths producer’s largest shareholder, China’s Yuxiao Fund, from increasing its investment on grounds of national interest.
“There is a special category of assets for any government to protect its national interest,” Curtis said. In November, Chalmers said Australia, which is the world’s top lithium supplier and a major producer of rare earths, would become more selective about who it lets invest in its critical minerals industry.
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Business Maverick: Sunak aims to unveil Northern Ireland Brexit dealRishi Sunak and Ursula von der Leyen will meet in the UK on Monday in the early afternoon for final talks ahead of an expected announcement of a post-Brexit settlement for Northern Ireland.
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