Maaden, MP Materials Sware to develop the Saudi Rare Earth Supply Stay

The Saudi Arabian Mining Company (Maaden) has signed a Memorandum of Entesa (MOU) with MP Materials, a rare land material company in the United States, to create a fully integrated and final rare land supply chain in Saudi Arabia.

It includes mining, separation, perfection and production of magnets, all aimed at improving industrial depth and generating value for the downstream sectors.

The agreement, signed apart from the United States-Saudi 2025 Investment Forum in Riad, strengthens the current economic relationship between Saudi Arabia and the United States, highlighting the strategic alignment of both nations in improving critical mineral supply chains.

In April 2025, May started the selection process of an international company Establish a rare lands processing association, with the aim of positioning the kingdom as a center for critical minerals.

Maaden’s CEO, Bob Wilt, said: “Through a possible collaboration with MP Materials, and our deepening is linked to the USA, we want to create a global center for a fully integrated rare earth value chain that supports advanced manufacture in the kingdom.

“As we continue to build mining as the third pillar of the Saudi economy, this is an integral step in the exploration and development of minerals that will promote the economic and industrial growth of the kingdom.”

The agreement marks a step towards the advancement and risk of the development of potential deposits of rare elements (REE) in Saudi Arabia, as the nation aims to be positioned as a leading player in the sector of critical minerals.

With the energy basis, the infrastructure and the strategic location of Saudi Arabia’s energy, this association aims to diversify and expand the world’s rare land supply chain in response to the increase in demand for rapid growth industries.

The founder, president and CEO of MP Materials, James Litinsky, said: “The announcement is an important first step in rebalancing the global supply chain at a time of transformational growth fueled by emerging technologies, especially in robotics and physical grandfather, while delving into the strategic alliance between the United States and Saudi Arabia.”

“Maaden, MP Materials Partner to develop the Saudi Rare Earth Supply String” was created and originally published Mining technologya brand of Globaldata property.

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