CoinOtag
2025-11-19 21:37:15

MP Materials Joins US DoD and Maaden in Saudi Rare Earth Refinery Venture

MP Materials has signed a binding joint venture with the U.S. Department of Defense and Saudi Arabia’s Maaden to build a rare earth refinery in the kingdom, ensuring U.S. oversight and reducing reliance on China for critical minerals used in defense and technology sectors. Joint venture structure: MP and the Pentagon hold 49% combined stake,

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