Rare earth refining and separation facility, Saudi Arabia
Name of the Project
Rare earth refining and separation facility.
Location
Saudi Arabia.
Project Owner/s
Saudi Arabian mining company Maaden signed a binding term sheet with rare earth materials and magnetics producer MP Materials Corp, supported by the US Department of War (DoW) in November 2025. Under the agreement, MP Materials and the DoW (through a joint venture) will hold a proposed equity position of 49%, with Maaden holding 51%.
Project Description
The proposed project is designed as a central hub for the processing, refining and separation of rare-earth elements. It will handle rare-earth feedstock from Saudi Arabia and elsewhere, producing significant quantities of light and heavy rare-earth oxides. These products will support US and Saudi manufacturing and defence sectors, and be sold to allied nations, building on MP Materials’ multibillion-dollar public–private partnership with the DoW announced in July 2025.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not disclosed.
Capital Expenditure
Not disclosed.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
MP Materials, email ir@mpmaterials.com
Maaden, tel +966 11 874 8000 or email info@maaden.com.sa.
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