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Benzinga
Benzinga
Business
Stjepan Kalinic

The Sole Domestic Integrated Rare Earth Supplier Expands To Saudi Arabia

MP Earth Saudi Arabia Maaden Dow Peter Oppenheimer United States Goldman Sachs Mining
MP Materials

MP Materials Corp. (NYSE:MP) has announced the next step in building a resilient rare earth supply. The firm has formed a three-party joint venture with the Saudi Arabian Mining Company (Maaden) and the U.S. Department of War (DoW).

The purpose of the venture is to develop a large-scale rare earth refinery in Saudi Arabia, and it is part of the broader U.S.-Saudi framework on critical minerals.

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