Maaden, MP Materials tie-up to establish full value chain for rare earth magnetics

14/05/2025 Argaam
Logo ofSaudi Arabian Mining Co. (Maaden)

Logo of Saudi Arabian Mining Co. (Maaden) 

Saudi Arabian Mining Co. (Maaden) signed an agreement with MP Materials Corp to explore opportunities to establish a fully integrated, end-to-end rare earth supply chain.
 

A Memorandum of Understanding (MoU) was signed on the sideline of the US-Saudi Investment Forum 2025, according to a statement.

 

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, to drive industrial depth and create value for downstream sectors.

 

Rare earth magnets are essential components in critical technologies spanning transportation, energy, robotics, and aerospace, the statement added.

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