Maaden, MP Materials partner to develop Saudi rare earth supply chain

GlobalData

Thu, May 15, 2025, 7:16 AM 2 min read

The Saudi Arabian Mining Company (Maaden) has signed a memorandum of knowing (MOU) with MP Materials, a US rare-earth materials company, to make a afloat integrated, end-to-end uncommon world proviso concatenation wrong Saudi Arabia.

This includes mining, separation, refining and magnet production, each intended to heighten concern extent and make worth for downstream sectors.

The agreement, signed connected the sidelines of the US-Saudi Investment Forum 2025 successful Riyadh, reinforces the ongoing economical narration betwixt Saudi Arabia and the US, highlighting the strategical alignment of some nations successful enhancing captious mineral proviso chains.

In April 2025, Maaden initiated the process of selecting an planetary company to found a uncommon earths processing partnership, aiming to presumption the kingdom arsenic a captious minerals hub.

Maaden CEO Bob Wilt said: “Through a imaginable concern with MP Materials, and our deepening ties with the US, we purpose to make a planetary hub for a afloat integrated uncommon world worth concatenation supporting precocious manufacturing successful the kingdom.

“As we proceed to physique mining arsenic the 3rd pillar of the Saudi economy, this is an integral measurement successful the exploration and improvement of minerals that volition thrust economical and concern maturation for the kingdom.”

The statement marks a measurement towards advancing and de-risking the improvement of imaginable uncommon world constituent (REE) deposits successful Saudi Arabia, arsenic the federation aims to presumption itself arsenic a starring subordinate successful the captious minerals sector.

With Saudi Arabia's competitory vigor base, infrastructure and strategical location, this concern aims to diversify and grow the planetary uncommon world proviso concatenation successful effect to expanding request from rapidly increasing industries.

MP Materials founder, president and CEO James Litinsky said: “Announcement is an important archetypal measurement towards rebalancing the planetary proviso concatenation successful a infinitesimal of transformational maturation fuelled by emerging technologies – particularly successful robotics and carnal AI – portion deepening the strategical confederation betwixt the United States and Saudi Arabia.”

"Maaden, MP Materials spouse to make Saudi uncommon world proviso chain" was primitively created and published by Mining Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.