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Despite being located on oppositive sides of the Pacific Ocean MP and Lynas share a common major shareholder and deal maker in Australian billionaire, Gina Rinehart.
Best known for her $30 billion fortune from iron ore mining Rinehart has been building a strong position in MP and Lynas, along with a third company, Arafura Rare Earths which is in developing a new project in northern Australia.
Adding spice to Rinehart’s rare earth plan is the benefit of being close to U.S. President elect Donald Trump.
Rinehart was a regular at Trump rallies during the election campaign and at celebration parties after his win.”
Gina, is the money to follow in this LRE context
LYC Price at posting:
$6.93 Sentiment: Hold Disclosure: Held
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