Ma'aden Seeks International Partner for Rare Earths Processing Facility

Ma'aden, Saudi Arabia's mining giant, is in talks with international companies, including MP Materials, Shenghe Resources, Lynas Rare Earths, and Neo Performance Materials, to establish a rare earths processing partnership. The partnership aims to position the kingdom as a critical minerals hub, with plans to finalize the decision by June and complete a study on mining and processing methods by December. Saudi Arabia has nearly doubled its estimated mineral reserves to $2.5 trillion, mainly due to the inclusion of rare earth elements.