Australia signals to limit Chinese investment in critical-mineral industry, not beneficial to bilateral ties: experts

Australia signals to limit Chinese investment in critical-mineral industry, not beneficial to bilateral ties: experts

A rare-earth mine in Baoshan, Southwest China's Yunnan Province Photo:VCG Australia is set to become more selective about who it lets invest in its growing critical-mineral industry. Experts said that the move is aimed at cutting China out of its critical-mineral sector, citing so-called national security concerns and the attempt by Australia to join the US in moving toward decoupling is not beneficial to bilateral relations. Australian Treasurer Jim Chalmers had asked his department to work with the Foreign Investment …