Billionaire mining magnate, Gina Rinehart, increases investment in rare-earth minerals in an effort to diversify supply beyond China.

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Financial Times 2w ago

Billionaire mining magnate, Gina Rinehart, increases investment in rare-earth minerals in an effort to diversify supply beyond China. - Financial Times

Quick Summary:

This disrupted plans by foreign companies to acquire the companies, and she is now seen as a significant force in the development of lithium, a key material for electric vehicles, in Australia.

Rare earths are a set of 17 elements used in a variety of products critical to the energy transition, including wind turbines and electric vehicles.

They ended negotiations in February after failing to strike a deal, but Rinehart’s emergence on the share registers of both companies has fuelled speculation that she could be positioning herself to play kingmaker in any future talks.