Australia restricts Chinese investors' rights in a rare earth metals company

The Australian government imposed restrictions on three China-linked shareholders in the rare earth minerals mining company "Northern Minerals," preventing them from voting or exercising their shareholder rights after they ignored previous orders to sell their stakes. The company's shares rose by 3.7%, reaching a market value of 267 million Australian dollars, while these shareholders still hold about 16% of the shares. Australia has been working for two years to force investors connected to China to sell their stakes in the company, as part of efforts to reduce dependence on Chinese investments in the rare earth minerals sector.