Trump’s Aussie billionaire ally wins big in a ‘rare’ global battle

Core Insights - Gina Rinehart has built the largest portfolio of rare-earth investments outside China, with a net worth of $32.9 billion and $1.8 billion in four listed rare-earth companies [1][12] - The global push to diversify mineral supply chains has positioned Rinehart as a key player in the rare-earth sector, which is crucial for electric vehicles and advanced technologies [2][10] - Rinehart's investments have significantly increased in value, with MP Materials shares up 270% and Arafura's shares climbing 140% this year [10][12] Investment Strategy - Rinehart began investing in rare earths before recent trade tensions, making her a strategic investor in the sector [2][6] - Hancock Prospecting has become a major investor in MP Materials and Lynas Rare Earths, with a focus on building a non-Chinese rare-earth supply chain [6][10] - The company has also expanded into the Middle East, winning exploration permits in Saudi Arabia [12][14] Market Dynamics - China currently produces 70% of the world's rare earths and controls 90% of the magnets used in critical technologies [1][12] - Rinehart's investments are politically significant as the US and its allies seek to reduce reliance on Chinese supply chains [9][12] - The US Department of Defense has invested $400 million in MP Materials, linking Rinehart's business to America's strategic minerals program [6][9] Future Outlook - Australia's Arafura project could supply 5% of global rare-earth demand by 2030, highlighting the potential for growth in this sector [12][14] - Rinehart's strategic investments may position her to play a significant role in the geopolitical landscape surrounding rare-earth resources [10][14]