Saudi Arabian Mining has signed an agreement with MP Materials (MP), the American fully integrated rare earth producer, to explore opportunities to establish a fully integrated, end-to-end rare earth supply chain. A memorandum of understanding was signed on the sideline of the U.S.-Saudi Investment Forum 2025, taking place in Riyadh. This agreement combines exploration and processing expertise to advance and de-risk the development of potential rare Earth element deposits across Saudi Arabia. Maaden and MP Materials aim to explore opportunities to jointly develop a vertically integrated rare earth supply chain in Saudi Arabia, including mining, separation, refining, and magnet production.
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