Renowned iron ore billionaire Gina Rinehart has made a strategic move by acquiring a near-6% stake in Lynas Rare Earths Ltd., a key player in the critical minerals industry essential for the energy transition. Through her company Hancock Prospecting Ltd., Rinehart invested over A$40 million in Lynas, propelling the company’s shares to new heights.
Lynas, known for its rare earths production outside China, operates facilities in Western Australia and Malaysia. Rinehart’s investment in Lynas is part of her broader focus on critical minerals, following her previous investments in lithium and rare earth companies like Arafura Rare Earths, Liontown Resources, and Vulcan Energy Resources.
With substantial cash reserves of A$19.5 billion, Hancock Prospecting is well-positioned for further strategic investments in the evolving landscape of the iron ore industry. Rinehart’s recent move into critical minerals underscores their growing importance in global supply chains and the energy transition.
Moreover, speculation is rife about the potential for merger talks between Lynas and MP Materials Corp., in which Rinehart holds significant stakes. The failed discussions in the past could be revisited in light of Rinehart’s increasing interests in both companies.
As one of the wealthiest individuals in Australia, Rinehart’s investments carry significant weight in the market, signaling potential shifts in the critical minerals sector. Her strategic vision and financial clout are likely to shape the future of the industry as she continues to expand her investment portfolio.
