Two Chinese Firms Blocked From Australia’s Rare Earth Sector

Two Chinese Firms Blocked From Australia’s Rare Earth Sector
Samples of rare earth minerals from left: Cerium oxide, Bastnaesite, Neodymium oxide and Lanthanum carbonate at Molycorp's Mountain Pass Rare Earth facility in Mountain Pass, California. U.S. on June 29, 2015. David Becker/Reuters)
Daniel Y. Teng
Updated:

Two Chinese firms have been blocked from investing in Australia’s valuable rare earth mineral sector in the past week.

It comes in the midst of tightening foreign investment rules during the virus outbreak and aligns with the federal government’s ongoing partnership with the United States to ensure rare earth supply chains are secure and not dominated by China.
Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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