Rare earths race heats up with US-Saudi deal and Shanghe acquisition
SHAUN TURTON and KENJI KAWASE
SYDNEY/TOKYO -- U.S. rare earths company MP Materials has signed an initial agreement with Saudi miner Maaden to "explore" developing a rare earths industry in the Middle Eastern kingdom.
The agreement, announced Wednesday, came as major Chinese rare earths player Shenghe Resources -- a strategic investor in MP -- said it will acquire Australian-listed explorer Peak Rare Earths.
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Kyodo News
8 hours ago
- Kyodo News
Kyodo News Digest: June 13, 2025
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Yomiuri Shimbun
12 hours ago
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