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Gina Rinehart Bets $200M on US Rare Earths Supply Chain

Hancock Prospecting's stake in MP Materials extends Gina Rinehart's rare earths strategy into the United States, where supply-chain policy is moving fastest.

By AI-generated · Published 8 August 2026

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How we reported this

This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. The Daily Gold Coast is part of The Daily Network and follows our reasonable editorial care.

Daily Network finance briefing tile, illustration, not a photograph
Daily Network finance briefing tile, illustration, not a photograph

Gina Rinehart's rare earths positions are not confined to Australia. MP Materials, the operator of the most significant American rare earths asset, is among them.

The logic of holding both

Hancock holds strategic minority stakes across Australian and US producers, including Lynas Rare Earths, Arafura Rare Earths and MP Materials, typically between 5 and 16 per cent.

Holding assets in both jurisdictions is a hedge against something specific: policy. Support schemes, tariffs and procurement preferences are being written separately in Canberra and Washington, and they will not favour the same projects.

Why the United States moved

American concern about rare earths concentration is driven heavily by defence procurement. Permanent magnets are essential to guided systems, aircraft and naval propulsion, and dependence on a concentrated supply chain is treated as a national security exposure.

That explains why the same portfolio also added defence primes including Lockheed Martin, Northrop Grumman, L3Harris and RTX.

One thesis, several instruments

Read together, the minerals stakes and the defence holdings are not separate ideas. They are the same view expressed through different assets: that strategic supply and defence capability are being rebuilt simultaneously, and both will attract capital.

Relevance from Queensland

Queensland is actively developing critical minerals projects and processing proposals. Where the capital goes is a fair indicator of which parts of that chain the market believes will be funded.

Sources: Investing News Network; Mining.com; Hancock Prospecting.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

References Sourced but Not Limited to:

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