Latest news with #KENJIKAWASE
Nikkei Asia
15-05-2025
- Business
- Nikkei Asia
Rare earths race heats up with US-Saudi deal and Shenghe 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.
Nikkei Asia
15-05-2025
- Business
- Nikkei Asia
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.
