Saudi Arabia, US Unite to Launch Pioneering Rare Earth Hub
The Saudi Arabian Mining Company (Ma'aden) has collaborated with MP Materials, a leading U.S. rare-earth producer, to establish a fully integrated rare earth supply chain in Saudi Arabia. This collaboration aims to cover all stages, including mining, separation, refining, and magnet production, to enhance industrial depth and support downstream sectors.
Ma'aden and MP Materials signed the memorandum of understanding (MoU) during the U.S.-Saudi Investment Forum 2025 in Riyadh, reflecting the growing economic partnership between the two nations. Both countries share a strategic vision to strengthen critical mineral supply chains and support advanced manufacturing industries. Advancing Saudi Arabia's Vision 2030 Goals
Ma'aden's CEO, Bob Wilt, emphasized the importance of this partnership in positioning Saudi Arabia as a global hub for rare earth production. 'This initiative aligns with our goal to make mining the third pillar of the Saudi economy, driving industrial and economic growth,' he said.
Rare earth magnets are essential for advanced technologies, including robotics, renewable energy, and aerospace. With Saudi Arabia's competitive energy base, world-class infrastructure, and strategic location, this partnership aims to diversify and expand the global rare earth supply chain.
MP Materials CEO, James Litinsky, highlighted the significance of this collaboration, calling it 'a critical step in rebalancing the global supply chain during a period of transformational growth fueled by emerging technologies.'
This partnership marks a significant milestone in Saudi Arabia's journey to becoming a leader in the critical minerals sector. By leveraging its vast mineral reserves and advanced infrastructure, the Kingdom is poised to play a pivotal role in meeting the rising global demand for rare earth elements.
The Ma'aden-MP Materials partnership underscores Saudi Arabia's commitment to economic diversification and technological advancement. This collaboration not only strengthens Saudi-U.S. ties but also positions the Kingdom as a key player in the global rare earth supply chain.
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