Rare and Critical Minerals Joint Venture
Sector: Aerospace & Defense • Location: Saudi Arabia
Source: Arab News
A Saudi-US joint venture with MP Materials to establish a rare earth elements refinery in Saudi Arabia. The 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.
- Status
- Prospective
- Sector
- Aerospace & Defense, Oil and Gas, Warehouse, Government
- Location
- Saudi Arabia
- Updated
- 22 Jul 2026
- Source
- Arab News
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Project Information
Participants
Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A Saudi-US joint venture with MP Materials to establish a rare earth elements refinery in Saudi Arabia. The 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, Warehouse, Government |
Article published date | 2025-12-05 |
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