search
close
header-logo
  • Investor Relations
  • Join Our Team
  • Tharwah
  • Discover UsChevron
    Discover usback

    Discover us

    • Overview
    • Our story
    • Values & Culture
    • Partnerships
    • Leadership
    • Core Business UnitsChevron
    • Corporate GovernanceChevron
    • Maaden Strategy
      banner
      bg
      Our Story
      Learn More
      play
    • Our InnovationChevron
      Our Innovationback

      Our Innovation

      • Overview
      • Tech Innovations
      • Global Reach
        banner
        bg
        Tech Innovations
        Learn More
        play
      • SustainabilityChevron
        Sustanibilityback

        Sustanibility

        • Overview
        • Our community impact
        • Sustainability at Maaden
        • Human Rights
          banner
          bg
          Sustainability at Maaden
          Learn More
          play
        • News & Insights
        • Discover UsChevron
          • Overview
          • Our story
          • Values & Culture
          • Partnerships
          • Leadership
          • Core Business UnitsChevron
            • Overview
            • Phosphate
            • Aluminum
            • Base Metals
            • Exploration
            • Industrial Minerals
          • Corporate GovernanceChevron
            • Overview
            • Compliance
            • Board of Directors Reports
            • Right Issue Prospectus
          • Maaden Strategy
        • Our InnovationChevron
          • Overview
          • Tech Innovations
          • Global Reach
        • SustainabilityChevron
          • Overview
          • Our community impact
          • Sustainability at Maaden
          • Human Rights
        • News & Insights
        • Investor Relations
        • Join Our Team
        • Tharwah
        home-icon
        Home
        chevronNews & InsightschevronMAADEN AND MP MATERIALS COLLABORATE TO ESTABLISH FULL VALUE CHAIN FOR RARE EARTHMAGNETICS

        MAADEN AND MP MATERIALS COLLABORATE TO ESTABLISH FULL VALUE CHAIN FOR RARE EARTHMAGNETICS

        Maaden
        May 14 2025

        Riyadh, Saudi Arabia. 14 May, 2025. Saudi Arabian Mining Company (“Maaden” or the “Company”, 1211 on the Saudi Exchange), one of the world’s fastest growing mining companies, has signed anagreement with MP Materials Corp (“MP Materials”) (NYSE: MP), the American fully integrated rare earth producer, to explore opportunities to establish a fully integrated, end-to-end rare earth supply chain. 

        A Memorandum of Understanding (MoU) was signed on the sidelines of the US-Saudi Investment Forum 2025, taking place in Riyadh.

        This agreement combines world-class exploration and processing expertise to advance and de-risk thedevelopment of potential Rare Earth Element (REE) deposits across Saudi Arabia as it continues to position itself as a world-leading player in the critical minerals sector. Maadan and MP Materials aim to explore opportunities to jointly develop a vertically integrated rare earth supply chain in Saudi Arabia, including mining, separation, refining, and magnet production, to drive industrial depth and create value for downstream sectors.

        Rare earth magnets are essential components in critical technologies spanning transportation, energy, robotics, and aerospace. Leveraging Saudi Arabia’s competitive energy base, world-class infrastructure, and strategic location, this collaboration will diversify and expand the global rare earth supply chain, supporting rising demand from fast-growing industries.

         

        Bob Wilt, CEO of Maaden, said, “Through a potential partnership with MP Materials, and our deepening ties with the United States, we aim to create a global hub for a fully integrated rare earth value chain supporting advanced manufacturing in the Kingdom. As we continue to build mining as the third pillar of the Saudi economy, this is an integral step in the exploration and development of minerals that will drive economic and industrial growth for the Kingdom.”

        James Litinsky, Founder, Chairman & CEO of MP Materials, said: “Today’s announcement is an important first step towards rebalancing the global supply chain in a moment of transformational growth fueled by emerging technologies—especially in robotics and physical AI—while deepening the strategic alliance between the United States and Saudi Arabia.”

        This announcement cements the continued economic ties between Saudi Arabia and the United States and underscores the strategic alignment of the two countries in strengthening critical mineral supply chains and supporting advanced manufacturing industries. 

         

        ABOUT MAADEN

        Maaden is the Middle East's largest multi-commodity mining and metals powerhouse and stands among the world's fastest growing, with a robust SAR 32.5 billion (US$8.7 billion) in revenues for 2024. 

        As a KSA-based, globally significant mining champion, Maaden is deploying technology and talent to accelerate the exploration and production of Saudi Arabia’s vast mineral endowment to is develop mining as the third sector of the Saudi economy

        With a skilled workforce of more than 7,000, Maaden operates 17 mines and sites and its products are currently exported to 55 countries globally. 

        For more information, please visit www.maaden.com

        For any enquiries, please contact parkers@maaden.com

         

        ABOUT MP MATERIALS

        MP Materials (NYSE: MP) is America’s only fully integrated rare earth producer with capabilities spanning the entire supply chain—from mining and processing to advanced metallization and magnet manufacturing. We extract and refine materials from one of the world’s richest rare earth deposits in California and manufacture the world’s strongest and most efficient permanent magnets. Our products enable innovation across critical sectors of the modern economy, including transportation, energy, robotics, defense, and aerospace.

        More information is available at https://mpmaterials.com/.

        Join the MP Materials community on X, YouTube, and LinkedIn.

        FORWARD LOOKING STATEMENTS

        This press release contains certain statements that are not historical facts and are forward- looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are subject to a number of risks and uncertainties, including risks related to MP Materials’ ability with Maaden to establish the full value chain for rare earth magnetics in the Kingdom, risks related to the timing and achievement of expected business milestones, and those risk factors discussed in MP Materials’ filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed by the Company with the Securities and Exchange Commission.

         

        share
        Share
        share-iconsshare-iconsshare-iconsshare-icons

        Related Articles

        Maaden
        Feb 19 2026
        Mining – the tech industry you need to see coming

        Mining has always been the foundation of industrial progress. Every empire, every industrial boom, every “next big thing” was built on materials that were dug up from the ground. 

        And now, with AI supposedly about to change the universe, the story’s exactly the same - it all still starts with mining. Copper, lithium, rare earths, and aluminum are the heart of technologies that power our future: batteries, semiconductor and data centers.

        Without minerals, AI is just a buzzword with no hardware to run on.

        And the world knows it, which is why copper demand is expected to reach approximately 33 million metric tons a year by 2035, and demand for Rare Earth Elements could jump sevenfold by 2040.

        We all know, these minerals are not going to magically appear out of thin air. But here’s the thing the industry is not talking about: we are nowhere near ready to deliver what the world needs. And our biggest challenge isn’t equipment, capital or technology - it’s people.

        We need more people. And we need different people. 

        For a long time, mining has struggled to attract a new generation of fresh talent – but it hasnever shaken the stereotypes that continue to plague it: dirty, dark, damaging. This image presents a significant barrier to talent attraction. But the reality is that today’s industry looks nothing like that. Today, choosing a career in mining means stepping into one of the most advanced, tech-driven industries on the planet. An industry that needs coders, drone pilots, automation specialists, AI engineers and data scientists.

        And it’s not just about filling roles. We need people who think differently. Not “dig it up and clock out,” but people who understand that the world’s future literally depends on the work we do. People who will challenge the status quo - including ours. People who push boundaries, drive new heights of performance and rethink what this industry can become.

        To do this, we must get people to think differently about mining.

        First – this is not your grandparent’s mining industry. Choosing mining means joining one of the world’s most technologically advanced industries - driven by sensors, automation, robotics, AI-enabled operations and more acronyms than most tech startups.

        Second, this is an industry with explosive growth ahead – not a sunset sector, not a dusty corner of the economy. Mining offers long-term career opportunities, rapid innovation and global mobility. A sector where talent can build meaningful, future-proof careers.

        Third, people need to recognize that mining is now a critical pillar of the global technology ecosystem - supplying the minerals that make modern life possible and powering the breakthroughs in energy, computing, mobility and AI that will define the decades ahead. No minerals equals no AI. It really is that simple. 

        Everyone loves to talk about the future of tech - AI, semiconductors, data centers, the whole show - but none of it works without mining. If the world wants a faster, cleaner, smarter future, it needs aluminum, copper, lithium, rare earths - and an army of people willing to extract them. 

        Mining isn’t a relic; it’s the launchpad for everything modern life runs on. We’re not a supporting act to the tech industry - we’re the industry that keeps the tech industry alive. So,let’s use that truth to bring in the talent we need to meet global demand. Because it is not just about what’s beneath us; it is about what’s ahead of us. And minerals are now the currency of this digital age.

        Maaden
        Feb 11 2026
        Hatch selected by Maaden as partner to accelerate mining development in Saudi Arabia

        RIYADH, Saudi Arabia, Feb. 11, 2026 -- Hatch, a global leader in engineering, project delivery, and professional services, has been selected by Maaden (Saudi Arabian Mining Company) as its strategic delivery partner across a number of strategic growth projects. The partnership will implement a portfolio-wide approach to project development and execution, leveraging world-class design and delivery models to ensure predictable, value-driven outcomes.

        The Kingdom of Saudi Arabia is driving one of the most ambitious economic transformation programs in the world through Vision 2030, reshaping its economy and infrastructure to create a diversified, sustainable future. Central to this vision is the mining and metals sector, where Maaden is at the forefront.

        A core pillar of this partnership is the combined commitment to develop the capabilities, skills, and workforce needed to position the metals industry as a long-term engine of Saudi Arabia’s economy. Through hands-on project delivery and deep technical collaboration, the program will cultivate the next generation of industry talent, enabling meaningful, future-ready careers and empowering people across the Kingdom to contribute to a thriving, globally competitive metals sector.

        “This partnership marks a defining moment for the mining and metals industry in the region. Having worked closely with Maaden for many years, I’ve seen firsthand their commitment to excellence and innovation. By combining Maaden’s vision with Hatch’s global expertise in metals and project delivery, we are creating a framework that will develop vast mineral wealth and set new benchmarks for sustainable development.” – Joe Lombard, Vice-chairman, Hatch

        “Maaden’s growth ambitions are bold and achieving them demands speed and scale. Strategic partnerships, like our collaboration with Hatch, give us the expertise to deliver results today while building Saudi talent, creating jobs and shaping the future of the Kingdom’s mining sector.” – Bob Wilt, CEO, Maaden.

        The partnership will consolidate all studies, establish realistic capital and schedule baselines, and embed systems and workflows that enable data-driven decisions across Maaden’s entire project pipeline. Hatch will bring deep technical expertise in process design, constructability, and innovation to future-proof projects and ensure alignment with the Kingdom’s long-term objectives.

        Maaden
        Jan 21 2026
        Maaden CEO Bob Wilt at the 2026 Future Minerals Forum | Building a world champion for Saudi Arabia

        At the Future Minerals Forum 2026, Bob Wilt laid out Maaden’s fast‑paced growth plans - tripling the phosphate business, doubling aluminum production, and scaling exploration threefold. All this while underscoring how Maaden empowers top talent to step up, lead from the front and deliver results that drive national strength and global impact.

        Watch Video

        prev
        next
        Scroll TOp
        footer-logo

        Our Social Media
        Social Handle MaadenSocial Handle MaadenSocial Handle MaadenSocial Handle MaadenSocial Handle MaadenSocial Handle Maaden
        Our storyOur InnovationOur community impact
        Join Our TeamInvestor RelationsNews
        Connect & EngageTharwahSustainability Policy
        Diversity Equity & Inclusion PolicyHuman Rights PolicyCustomer Portal
        Supplier Portal
        Our storyOur InnovationOur community impactJoin Our TeamInvestor RelationsNews
        Connect & EngageTharwahSustainability PolicyDiversity Equity & Inclusion PolicyHuman Rights PolicyCustomer Portal
        Supplier Portal
        Copyright © 2025 Maaden. All Rights Reserved
        |Terms and Conditions|Privacy Notice