China-linked investors defy Australian order to divest from WA rare earths company

China-linked investors are defying Australian government orders to sell shares in a rare earths company, a move described as "extraordinary" by an expert. The investors hold about 17% of Northern Minerals, which is developing a project rich in critical minerals essential for advanced technology and defense. The Treasurer ordered divestment by July 2, citing national interest. This situation represents an unprecedented challenge to Australia's foreign investment laws, with potential difficulties in enforcing compliance and protecting national security interests.