Australia has used its foreign investment review powers to force China-linked investors to sell shares in Northern Minerals, a rare earths mining firm. This action aims to protect national interest and diversify critical mineral supply chains, challenging China's near-monopoly (99%) on dysprosium, essential for EV magnets.
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- ›Key Company: Northern Minerals Ltd
- ›Critical Mineral: Dysprosium
- ›Target this Data: ~99% of global dysprosium production is in China.
- ›Target this Nodal Body: Australia's Foreign Investment Review Board (FIRB).
- ›Target this Company: Northern Minerals Ltd and its Browns Range deposit in Western Australia.
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