MP Materials Corp. and the Saudi Arabian Mining Company, Maaden, have agreed to work together on building a comprehensive rare earth supply chain in Saudi Arabia, according to announcements made at the US-Saudi Investment Forum 2025 in Riyadh.
This collaboration is designed to take advantage of Saudi Arabia’s favorable energy costs, strong infrastructure, and strategic location to strengthen and diversify the rare earth market. The plan covers every stage, from extraction to processing, aiming to support global technology and clean energy industries.
Maaden, which manages 17 mines and exports to 55 countries, is focused on making Saudi Arabia a central player in the critical minerals sector. Employing more than 7,000 people, the company is actively seeking international expertise for rare earth processing.
MP Materials, a New York Stock Exchange-listed company, is a major rare earth producer in the Western Hemisphere with operations in both materials and magnetics. This partnership marks a significant step toward securing and expanding the global supply of rare earth elements.
