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.
15 Articles
15 Articles
The Race for Rare Earth Minerals Intensifies with U.S.-Saudi Agreement and China’s Strategic Moves
On May 14, 2025, at the U.S.-Saudi Investment Forum in Riyadh, MP Materials and Saudi Arabia’s Maaden signed a memorandum to develop a rare earth supply chain. This deal, alongside China’s acquisition of an Australian miner, reveals a fierce contest for critical minerals driving technology and defense. Rare earth elements, 17 metals like neodymium, power […]
MP Materials, Ma'aden sign MoU to jointly develop rare earths supply chain in Saudi Arabia
MP Materials signed a memorandum of understanding with Saudi Arabia's Ma'aden mining company to jointly develop a fully integrated, end-to-end rare earth supply chain in the country.
From Mine To Magnet: MP Materials, Maaden Plan Rare Earth Chain In Saudi Arabia - MP Materials (NYSE:MP)
MP Materials Corp. (NYSE:MP) shares are trading higher premarket on Wednesday after the company disclosed an agreement with a Saudi Arabian Mining Company (Maaden) to explore opportunities for establishing a fully integrated, end-to-end rare earth supply chain. This agreement unites the companies’ expertise in exploration and processing to facilitate and mitigate risks in the development of potential Rare Earth Element (REE) deposits throughout …
Insights: Why a global minerals strategy needs trust and traceability
The US-Saudi agreement on critical minerals is a promising start, but its success hinges on building transparent, scalable, and reliable supply chains The post Insights: Why a global minerals strategy needs trust and traceability appeared first on Gulf Business.
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