https://newsletter.en.creamermedia.com
Energy|Exploration|Industrial|Infrastructure|Manufacturing|Mining|Refining|supply-chain|Manufacturing |Infrastructure
Energy|Exploration|Industrial|Infrastructure|Manufacturing|Mining|Refining|supply-chain|Manufacturing |Infrastructure
energy|exploration|industrial|infrastructure|manufacturing|mining|refining|supply chain|manufacturing-industry-term|infrastructure

Ma’aden, MP Materials partner to build rare earth supply chain in Saudi Arabia

Rare earth oxides produced by MP Materials.

Rare earth oxides produced by MP Materials.

15th May 2025

By: Creamer Media Reporter

     

Font size: - +

Saudi Arabian Mining Company (Ma’aden) has signed an agreement with US-based rare earth producer MP Materials to explore the development of a fully integrated, end-to-end rare earth supply chain in Saudi Arabia.

The memorandum of understanding (MoU) was signed on the sidelines of the US–Saudi Investment Forum 2025 in Riyadh.

Ma’aden and MP Materials will assess opportunities to collaborate on a vertically integrated rare earth value chain – from mining, separation, and refining, to the production of rare earth magnets – aiming to add industrial depth and unlock value for downstream sectors.

“Through a potential partnership with MP Materials, and our deepening ties with the United States, we aim to create a global hub for a fully integrated rare earth value chain supporting advanced manufacturing in the Kingdom,” said Ma’aden CEO Bob Wilt

“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 drive economic and industrial growth for the Kingdom.”

Rare earth magnets are critical inputs for a range of emerging technologies, including transportation, clean energy, robotics and aerospace. The partnership seeks to leverage Saudi Arabia’s competitive energy base, world-class infrastructure and strategic location to support the global expansion of rare earth supply chains.

“Today’s announcement is an important first step towards rebalancing the global supply chain in a moment of transformational growth fuelled by emerging technologies, especially in robotics and physical AI, while deepening the strategic alliance between the United States and Saudi Arabia,” said MP Materials founder, chair and CEO James Litinsky.

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by



A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.
Magazine round up | 16 May 2025
16th May 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.12 0.209s - 172pq - 2rq
Subscribe Now