Gina Rinehart becomes the largest shareholder of MP Materials
Gina Rinehart, Australia’s richest person, has become the largest shareholder in US-based rare earths producer MP Materials. Rinehart’s Hancock Prospecting increased its stake in MP Materials to 8.4% after acquiring an additional one million shares during the third quarter, making it the company’s largest shareholder, it reported. Bloomberg. As of September 30, Hancock Prospecting’s US-listed…