LTR News: Australia’s richest person raises stake in lithium producer, threatening $4.3bn takeover - 10th Oct 2023, 9:12pm

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Gina Rinehart has lifted her stake in Liontown Resources, as Australia’s richest person seeks to muscle in on a proposed takeover of a lithium mine developer by Albemarle, the world’s largest producer of the battery metal. Rinehart’s Hancock Prospecting raised its shareholding to 18.36 per cent in Liontown, up from 16.69 per cent, as the iron ore and agriculture magnate seeks to gain exposure to the commodity used in electric car batteries, according to a stock market filing on Tu...

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