Saudi Arabian Mining Company (Ma’aden) has signed a memorandum of understanding with MP Materials (NYSE:MP) to develop an integrated rare earth supply chain in Saudi Arabia. The agreement, signed on the sidelines of the U.S.-Saudi Investment Forum 2025 in Riyadh, reflects both governments’ appetites for securing critical mineral supply chains.
Under the agreement, Ma’aden and MP Materials will explore cooperation across the rare earth value chain—from mining and separation to refining and magnet production. Rare earth magnets are essential components in electric vehicles, wind turbines, aerospace systems, and robotics industries, projected to grow exponentially over the next decade.
Ma’aden, which operates 17 mines and exports minerals to 55 countries in 2024, continues to scale its mining sector as part of Saudi Arabia’s Vision 2030 economic strategy.
“We aim to create a global hub for a fully integrated rare earth value chain …
Full story available on Benzinga.com
Saudi Arabian Mining Company (Ma’aden) has signed a memorandum of understanding with MP Materials (NYSE:MP) to develop an integrated rare earth supply chain in Saudi Arabia. The agreement, signed on the sidelines of the U.S.-Saudi Investment Forum 2025 in Riyadh, reflects both governments’ appetites for securing critical mineral supply chains.
Under the agreement, Ma’aden and MP Materials will explore cooperation across the rare earth value chain—from mining and separation to refining and magnet production. Rare earth magnets are essential components in electric vehicles, wind turbines, aerospace systems, and robotics industries, projected to grow exponentially over the next decade.
Ma’aden, which operates 17 mines and exports minerals to 55 countries in 2024, continues to scale its mining sector as part of Saudi Arabia’s Vision 2030 economic strategy.
“We aim to create a global hub for a fully integrated rare earth value chain …
Full story available on Benzinga.com
Saudi Arabian Mining Company (Ma’aden) has signed a memorandum of understanding with MP Materials (NYSE:MP) to develop an integrated rare earth supply chain in Saudi Arabia. The agreement, signed on the sidelines of the U.S.-Saudi Investment Forum 2025 in Riyadh, reflects both governments’ appetites for securing critical mineral supply chains.
Under the agreement, Ma’aden and MP Materials will explore cooperation across the rare earth value chain—from mining and separation to refining and magnet production. Rare earth magnets are essential components in electric vehicles, wind turbines, aerospace systems, and robotics industries, projected to grow exponentially over the next decade.
Ma’aden, which operates 17 mines and exports minerals to 55 countries in 2024, continues to scale its mining sector as part of Saudi Arabia’s Vision 2030 economic strategy.
“We aim to create a global hub for a fully integrated rare earth value chain …Full story available on Benzinga.com Read MoreCommodities, Donald Trump, Government, Large Cap, MP, News, Saudi Arabia, Stories That Matter, Commodities, Politics, Legal, Global, Markets, MP, News, Government, Large Cap, Commodities, Politics, Legal, Global, Markets, Benzinga Markets
