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From Mine To Magnet: MP Materials, Maaden Plan Rare Earth Chain In Saudi Arabia - MP Materials (NYSE:MP)

  • On May 14, 2025, MP Materials and Saudi Arabia’s Maaden signed a memorandum in Riyadh to develop a fully integrated rare earth supply chain.
  • The agreement seeks to leverage combined expertise in extraction, processing, and manufacturing to advance and reduce risks associated with developing rare earth element projects throughout Saudi Arabia.
  • The partnership supports Saudi Arabia’s Vision 2030 by establishing mining as a key economic pillar and fostering industrial growth for downstream sectors like robotics and defense.
  • MP Materials CEO James Litinsky described the agreement as a crucial initial move to address imbalances in the worldwide supply chain during a period of significant growth driven by robotics and AI technologies.
  • This collaboration could strengthen the U.S.-Saudi strategic alliance and diversify supply chains, reducing reliance on China, which currently controls most mining and refining globally.
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Stockhead broke the news in on Wednesday, May 14, 2025.
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