Jul 7, 2026 – 11.47amChinese-linked shareholders in one of Australia’s most strategically vital rare earths prospects have flouted an order from Treasurer Jim Chalmers to sell their investments, raising red flags over the future of a potential supplier of critical minerals to the defence industry.The disregard to Chalmers’ orders shown by six investors in Northern Minerals – who combined own roughly 1.7 billion shares, or 17.6 per cent of the company – extends a three-year tussle with the federal government, which wants to eradicate foreign influence at the fledgling miner.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
China-linked rare earths investors flout Chalmers’ sale order
Northern Minerals says red-flagged shareholders remain on its share registry despite the Treasurer’s demand they sell their stakes on national security grounds.
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