Australia's Gina Rinehart Now Top MP Materials Shareholder
Source: Investing News Network
2025-11-19 12:25:00 ET
Gina Rinehart , owner and CEO of private Australian mining company Hancock Prospecting, has become the largest shareholder of rare earths company MP Materials (NYSE:MP) .
Rinehart's stake in MP, which she owns via Hancock, now stands at 8.4 percent.
According to Bloomberg , Hancock added 1 million shares to its MP position in the third quarter. After MP's share price doubled during the period, it became the top holding in Hancock's portfolio.
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Australia's Gina Rinehart Now Top MP Materials Shareholder
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