Gina Rinehart. — Reuters
MELBOURNE: Australia’s richest person, Gina Rinehart, has become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing shows.
The stake, taken by Rinehart’s privately held Hancock Prospecting, is fuelling speculation of sector consolidation after the magnate acted as a kingmaker in Australian lithium.
