(Changes dateline, adds Hancock response in paragraph 4, and details in paragraph 5)
MELBOURNE, April 10 (Reuters) - U.S. rare-earths producer MP Materials MP.N said Australian billionaire Gina Rinehart's mining firm had taken a 5.3% stake in the company, expanding her investments in the mineral ore sector.
In a regulatory filing last week, the Nevada-based miner said Hancock Prospecting, owned by Australia's richest person Rinehart, holds about 8.8 million shares of MP Materials.
MP Materials is the second-biggest producer of rare earths outside China after Australia's Lynas Rare Earths (LYC) . Lynas ended talks with MP Materials over a potential merger in February.
Hancock declined to comment on Wednesday. The iron ore miner has been building stakes in critical minerals projects, including rare earths. Hancock's investments include a 6.17% stake in Brazilian Rare Earths (BRE) and a 9.14% holdings in Arafura Rare Earths (ARU) , according to LSEG data.
News: BRE UPDATE 1-Australian magnate Rinehart takes stake in US miner MP Materials
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.93 |
Change
-0.020(0.68%) |
Mkt cap ! $330.2M | |||
| Open | High | Low | Value | Volume |
| $2.95 | $3.00 | $2.92 | $462.1K | 156.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4200 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.95 | 15941 | 4 |
View Market Depth
| Last trade - 16.11pm 12/09/2025 (20 minute delay) ? |
| BRE (ASX) Chart |