** Shares of rare earths producer MP Materials MP.N rise 6.1% to $22.05 premarket
** Co signs agreement with Saudi Arabian mining company Ma'aden to jointly establish a fully integrated, end-to-end rare earth supply chain in Saudi Arabia
** Co says the memorandum of understanding was signed on the sidelines of the U.S.-Saudi Investment Forum 2025
** The facility would include mining, separation, refining and magnet production
** "It is an important first step towards rebalancing the global supply chain in a moment of transformational growth fueled by emerging technologies—especially in robotics and physical AI" - says MP Materials CEO James Litinsky
** As of last close, MP shares up 33.1% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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