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0.000431220353600604 0.000431220353600604 0.00344976282880545 0.00258732212160408 -0.000431220353600757 -0.00398878827080643 -0.00646830530401029 0.0140146614920224
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The $800 Million Rare Earths Portfolio Of Australia’s Richest Woman [Forbes]

MP Materials Corp. (MP) 
Company Research Source: Forbes
O utside of China, the most influential investor in the world of rare earth elements has to be Gina Rinehart, Australia's richest woman. Rare earths may be just a small part of her $30 billion mining fortune, but Rinehart, through family holding company Hancock Prospecting, has acquired big stakes in leading non-Chinese rare earths companies. Her $800 million rare earths pile includes an 8.5% stake worth $317 million in MP Materials (NYSE:MP), which operates the only working rare earths mine in the United States, at Mountain Pass on the California-Nevada border. MP is also near completion on a plant in Fort Worth that will make high-powered rare earth magnets for General Motors. Rinehart also owns 8.2% or $430 million of Lynas Rare Earths (ASX:LYC), which mines the Mount Weld deposit in Australia. Lynas recently opened a processing plant in Malaysia and, with the backing of the U.S. Department of Defense, is building a plant near Corpus Christi, Texas. Smaller holdings includ Show less Read more
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