Iluka boss calls out China’s infiltration of rare earths in Australia
Brad ThompsonReporter
Updated
Iluka Resources managing director Tom O’Leary has accused China of rigging rare earths prices so that producers cannot make money, as it tries to advance its grip on the world’s mineral deposits.
Mr O’Leary said there were clear efforts by Chinese state-owned entities to control rare earths deposits and production, including in Western Australia and Victoria.
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