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Australia billionaire raises stake in Liontown Resources to 16.7%
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investing.com(Reuters) — Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (ASX:LTR) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday.
Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (NYSE:ALB), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal.
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