May 18, 2026 – 11.38amTreasurer Jim Chalmers has ordered six investors to sell their shareholdings in Northern Minerals over fears of Chinese influence in the taxpayer-backed miner’s project to supply rare earths that are in high demand by the defence industry.The Foreign Investment Review Board has repeatedly flagged concerns over the ASX-listed group, which was named in last year’s landmark deal between the United States and Australia as a potential supplier of critical minerals to counter China’s dominance in the sector.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Chalmers orders rare earths share sale over Chinese influence fears
The Treasurer has intervened to force some Northern Minerals investors to sell their holdings, after previous orders were flouted.
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