Reported 11 months ago
Australia requested a fund linked to China to reduce its holdings in the strategic rare earth company Northern Minerals to prevent further Chinese dominance, leading to a cyberattack the next day revealing internal data. The incident underscores the geopolitical tensions over rare earth resources between Australia and China. Despite the company's denial of connections between the hack and the stake reduction demand, experts warn against ignoring the potential geopolitical factors influencing the rare earth industry's landscape, given China's strategic interest in key mineral resources.
Source: YAHOO