08:51 AM EDT, 05/14/2025 (MT Newswires) -- MP Materials ( MP ) has signed an agreement with Saudi Arabian Mining, or Maaden, to collaborate on the establishment of an end-to-end rare earth supply chain, Maaden said Wednesday.

The collaboration aims to develop potential rare earth elements deposits in Saudi Arabia and jointly develop a vertically integrated rare earth supply chain, including mining, separation, refining, and magnet production, Maaden said.