MP Materials Corp. has entered into a partnership with the Saudi Arabian Mining Company (Maaden) to establish a fully integrated rare earth supply chain in Saudi Arabia. This collaboration aims to develop a vertically integrated supply chain encompassing mining, separation, refining, and magnet production. The partnership, announced during the U.S.-Saudi Investment Forum 2025 in Riyadh, seeks to leverage Saudi Arabia's strategic advantages to diversify and expand the global rare earth supply chain. This initiative is expected to support the growing demand in industries such as transportation, energy, robotics, and aerospace, while reinforcing economic ties between Saudi Arabia and the United States.