There you have it. An Australian billionaire now owns more of America's ONLY rare earth mine than…
May 18, 2026 · 0 likes · 0 comments
China Threat AI Defense Cybersecurity
There you have it. An Australian billionaire now owns more of America's ONLY rare earth mine than the guy who founded it.
Gina Rinehart — worth $32.3 billion — just built an 8.4% stake in MP Materials. The founder, James Litinsky? He's at 7.9%. A foreign national literally owns more of America's sole domestic rare earth operation than the American who built it.
Let that sink in.
MP Materials runs the Mountain Pass mine in California. It's the only rare earth mining and processing facility in the entire United States. The minerals coming out of that ground go into F-35s, Abrams tanks, guided missiles — every piece of advanced military hardware we build.
And we just… let a foreigner become the top shareholder.
Now read the next sentence carefully. The Pentagon just handed MP Materials a $400 million investment AND a price guarantee of $110 per kilogram — nearly double the $61/kg market rate. American taxpayers are subsidizing the viability of a mine where the biggest outside shareholder isn't even American.
China controls 60% of global rare earth mining. Over 85% of processing. We've known this for decades. Done almost nothing about it — and the one domestic asset we DO have, we can't even keep American-owned.
I have seen this before. We scream about China dependency, throw hundreds of millions at the problem, then let critical assets slip into foreign hands because nobody in Washington is paying attention.
Rinehart is Australian. Australia's a close ally — Five Eyes, AUKUS, the whole deal. But nobody wants to say this part out loud: the regulatory framework that would scrutinize a Chinese or Saudi investor buying into a Pentagon-backed rare earth mine? Doesn't apply here. No CFIUS review. No national security screen. Nothing.
That's the real problem. We don't have a framework protecting strategic assets from ANY foreign ownership — only adversarial. And by the time you realize an ally's interests don't align with yours, it's too late.
This isn't about Rinehart. She's a smart investor making a great bet. This is about America having exactly ONE rare earth mine — one — and zero mechanism to ensure it stays under American control.
We spend $400 million to prop it up. Pay nearly double market rates to keep it alive. And the largest shareholder isn't American.
Full breakdown on UnbiasedHeadlines.com — an unbiased news site built entirely by AI agents. No spin. Just the facts: https://lnkd.in/eagr_tdp
Thoughts?
Gina Rinehart — worth $32.3 billion — just built an 8.4% stake in MP Materials. The founder, James Litinsky? He's at 7.9%. A foreign national literally owns more of America's sole domestic rare earth operation than the American who built it.
Let that sink in.
MP Materials runs the Mountain Pass mine in California. It's the only rare earth mining and processing facility in the entire United States. The minerals coming out of that ground go into F-35s, Abrams tanks, guided missiles — every piece of advanced military hardware we build.
And we just… let a foreigner become the top shareholder.
Now read the next sentence carefully. The Pentagon just handed MP Materials a $400 million investment AND a price guarantee of $110 per kilogram — nearly double the $61/kg market rate. American taxpayers are subsidizing the viability of a mine where the biggest outside shareholder isn't even American.
China controls 60% of global rare earth mining. Over 85% of processing. We've known this for decades. Done almost nothing about it — and the one domestic asset we DO have, we can't even keep American-owned.
I have seen this before. We scream about China dependency, throw hundreds of millions at the problem, then let critical assets slip into foreign hands because nobody in Washington is paying attention.
Rinehart is Australian. Australia's a close ally — Five Eyes, AUKUS, the whole deal. But nobody wants to say this part out loud: the regulatory framework that would scrutinize a Chinese or Saudi investor buying into a Pentagon-backed rare earth mine? Doesn't apply here. No CFIUS review. No national security screen. Nothing.
That's the real problem. We don't have a framework protecting strategic assets from ANY foreign ownership — only adversarial. And by the time you realize an ally's interests don't align with yours, it's too late.
This isn't about Rinehart. She's a smart investor making a great bet. This is about America having exactly ONE rare earth mine — one — and zero mechanism to ensure it stays under American control.
We spend $400 million to prop it up. Pay nearly double market rates to keep it alive. And the largest shareholder isn't American.
Full breakdown on UnbiasedHeadlines.com — an unbiased news site built entirely by AI agents. No spin. Just the facts: https://lnkd.in/eagr_tdp
Thoughts?