Latest news with #joint ventures
South China Morning Post
2 days ago
- Business
- South China Morning Post
India, Australia unite to challenge China's rare earth reign
In the race to secure the building blocks of tomorrow's technology, India and Australia are edging ever closer to a strategic minerals partnership, positioning themselves as a counterweight to China's dominance. Advertisement Negotiations are ongoing, with both nations exploring avenues to build upon their critical minerals investment partnership – launched in 2022 – to establish joint ventures that could encompass not only sourcing but also collaborative processing of these elements that are essential to the automotive, electronics and defence sectors. Rare earths – a group of 17 elements used in the manufacture of much modern technology – are, despite their name, relatively plentiful. But they are difficult and expensive to isolate, especially the coveted heavy rare earths such as terbium that command premium prices. Australia has in recent years positioned itself as a leading alternative supplier of critical minerals, seeking to break China's stranglehold on the global market. At the same time, India has reportedly been ramping up diplomatic efforts to fortify its own rare earth supply chains. Workers transport soil containing rare earth elements for export at a port in China's Jiangsu province. Photo: Reuters China accounts for more than 60 per cent of global rare earth mining and about 90 per cent of processing output.
Argaam
04-08-2025
- Business
- Argaam
GAC issues 24 economic concentration decisions in July
Saudi Arabia's General Authority for Competition (GAC) issued 24 decisions on economic concentration applications in July, according to a statement. The July decisions included the establishment of two joint ventures, it added. Among the approved deals, GAC cleared Al-Futtaim Retail's acquisition of a 49.95% stake in in Fawaz Abdulaziz Alhokair Co. (Cenomi Retail). The authority also approved Saudi Fransi Capital's acquisition of a 19.35% stake in e-payment services provider MyFatoorah.
Argaam
13-07-2025
- Business
- Argaam
9,991 operating plants in Saudi Arabia by Q4 2024; investments cross SAR 966B
Saudi Arabia had 9,991 factories in operation by the end of Q4 2024, employing around 980,000 workers and attracting more than SAR 966 billion in total investments, according to the Ministry of Industry and Mineral Resources' (MIM) annual report. The factories comprised domestic, foreign, and joint ventures, with joint ventures dominating at 94% of total investments, equivalent to SAR 956.6 billion in capital, according to the breakdown provided in the table below.
