MP Materials, U.S. Department of War, and Maaden Launch Rare Earth Refinery Joint Venture
Reuters
Nov 19, 2025
MP Materials, U.S. Department of War, and Maaden Launch Rare Earth Refinery Joint Venture
MP Materials Corp. has announced a strategic joint venture with the U.S. Department of War and the Saudi Arabian Mining Company (Maaden) to develop a rare earth refinery in Saudi Arabia. Under the agreement, MP Materials and the DoW will together hold a 49% equity stake in the joint venture, with Maaden holding at least 51%. The initiative aims to diversify and strengthen the global supply chain for rare earth materials, benefiting both America and its allies. MP Materials will contribute its technical expertise in rare earth separation, refining, and global sourcing, while discussions are also underway regarding potential magnet manufacturing collaboration in Saudi Arabia. The U.S. contribution to the joint venture will be fully financed on a non-recourse basis by the Department of War.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MP Materials Corp. published the original content used to generate this news brief on November 19, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.