" Gina Rinehart, the Australian billionaire, has acquired a 5.3% stake in the US-based rare earth mining company MP Materials. 135The key details are:Hancock Prospecting, Rinehart's mining firm, has purchased approximately 8.8 million shares of MP Materials, a leading rare earth producer in the United States. 1This investment adds to Rinehart's existing rare earth holdings, which include a 5.85% stake in Brazilian Rare Earths and a 10% stake in the Northern Territory's Arafura Rare Earths. 3MP Materials, which previously held merger discussions with Australian rare earth company Lynas Rare Earths, has a market capitalization of $4.3 billion. Rinehart's 5.3% stake is valued at around $150 million. 3Securing rare earth supply outside of China's control has been a strategic focus for both the US and Australia. Rinehart's investments in these critical mineral companies align with this goal. 23In summary, the Australian billionaire Gina Rinehart has made a significant investment in the leading US rare earth producer MP Materials, further expanding her portfolio of critical mineral assets "
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