Documents obtained by Bloomberg show Australia blocked a 2009 bid by China to purchase 52% of...

|By:, SA News Editor

Documents obtained by Bloomberg show Australia blocked a 2009 bid by China to purchase 52% of strapped rare earth miner Lynas (LYSCF.PK) over concern it could threaten supplies to non-Chinese users. Lynas subsequently raised cash elsewhere, and its value has risen 25X since the 2009 bottom.