Rare and Critical Minerals Joint Venture
Sector: Aerospace & Defense • Location: Saudi Arabia
Source: Arab News
A governmental framework on critical minerals covering uranium, permanent magnets, and supply chains. A Saudi–US joint venture with MP Materials to establish a rare earth elements refinery within Saudi Arabia. Ownership structure includes Maaden with at least 51 percent and MP Materials and the US Department of Defense with 49 percent. The objective is to reduce global dependence on China for rare
- Status
- Closed
- Sector
- Aerospace & Defense, Oil and Gas, Nuclear, Warehouse, Government
- Location
- Saudi Arabia
- Updated
- 22 Jul 2026
- Source
- Arab News
ConstructChat
Ask ConstructChat about Rare and Critical Minerals Joint Venture
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
Sponsoring Agency |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A governmental framework on critical minerals covering uranium, permanent magnets, and supply chains. A Saudi–US joint venture with MP Materials to establish a rare earth elements refinery within Saudi Arabia. Ownership structure includes Maaden with at least 51 percent and MP Materials and the US Department of Defense with 49 percent. The objective is to reduce global dependence on China for rare earth refining. |
Original sector | Mining |
Location
Country | Saudi Arabia |
Source
Source | Arab News |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Oil and Gas, Nuclear, Warehouse, Government |
Article published date | 2025-12-05 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project