Iron-ore billionaire’s lithium raid leaves investors guessing

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Iron-ore billionaire’s lithium raid leaves investors guessing
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Gina Rinehart, Australia’s richest woman, has muscled in on one of the largest battery-metals deals to date, building a near-17% stake in Liontown Resources Ltd. and threatening its A$6.6-billion takeover by US giant Albemarle. What the iron-ore billionaire has yet to do is explain what she will do with her increasing sway in the lithium miner.

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