Chinese investors attempt covert takeover of Australian mining company

A long-standing struggle between Northern Minerals and Chinese investors reveals the global battle over rare-earth minerals as countries seek to reduce reliance on China.

Michael E. Miller reports for The Washington Post.


In short:

  • Northern Minerals, an Australian mining company, discovered possible proxy purchases by Chinese investor Wu Tao, who had been blocked from increasing his stake due to national security concerns.
  • The Australian government ordered Wu Tao’s company and four others to sell their shares, but the companies have not yet complied with the divestment order.
  • The case highlights the broader effort by Western countries to secure rare-earth supplies independent of China's dominance.

Key quote:

“When in the history of the global economy has a monopolist willingly given up their position in the market?”

— Amanda Lacaze, CEO of Lynas

Why this matters:

Control over rare-earth minerals is critical as these materials are essential for green technology and defense. China’s dominance in this sector poses significant risks for global supply chains.

Related: Ruth Greenspan Bell: Wealth and the climate dilemma

A view of a row of oil pump jacks with a beautiful sunset in the background

The world inches closer to catastrophic climate events

Scientists have long warned that the world will experience more intense extreme weather events like heat waves, storms, floods and droughts as long as we continue to use gas, oil and coal at our current pace.
An aerial view of a town surrounded by green trees with a huge storm in the distance

Even meteorologists are baffled by the Midwestern tornado season

More than 200 tornadoes have hit Illinois this year. Here's how the twisters form, and how climate change might be influencing them.
A view of a traffic jam with many cars and red brake lights

The clean energy transition has a grid problem. Here’s how to fix it

If the United States’ electrical grid were a highway, much of it would be clogged with bumper-to-bumper traffic.

Two workers installing solar panels on a curved tile roof

Tesla ditches solar roof — and embraces regular solar panels

The product that was supposed to redefine both roofing and home solar never moved beyond expensive niche status. Does the new plan reflect lessons learned?
A view of a huge solar farm in Brazil with mountain ranges in the background

Brazil’s unique data center boom rides on clean power despite social burden

With a predominantly renewable energy mix, Brazil has become an attractive destination for data centers.

From our Newsroom
Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

Multiple Houston-area oil and gas facilities that have violated pollution laws are seeking permit renewals

One facility has emitted cancer-causing chemicals into waterways at levels up to 520% higher than legal limits.

Regulators are underestimating health impacts from air pollution: Study

Regulators are underestimating health impacts from air pollution: Study

"The reality is, we are not exposed to one chemical at a time.”

Pennsylvania governor Josh Shapiro speaks with the state flag and American flag behind him.

Two years into his term, has Gov. Shapiro kept his promises to regulate Pennsylvania’s fracking industry?

A new report assesses the administration’s progress and makes new recommendations

silhouette of people holding hands by a lake at sunset

An open letter from EPA staff to the American public

“We cannot stand by and allow this to happen. We need to hold this administration accountable.”

wildfire retardants being sprayed by plane

New evidence links heavy metal pollution with wildfire retardants

“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.

Stay informed: sign up for The Daily Climate newsletter
Top news on climate impacts, solutions, politics, drivers. Delivered to your inbox week days.