MP Materials(US:MP) Zhi Tong Cai Jing·2025-11-19 15:42Core Viewpoint - MP Materials has announced a joint venture with the U.S. Department of Defense and Saudi state-owned mining giant Maaden to establish a rare earth refining plant in Saudi Arabia, which is seen as a crucial step in reshaping the global rare earth supply chain [1] Group 1: Joint Venture Details - The joint venture will have MP Materials and the U.S. Department of Defense jointly holding 49% of the equity, while Maaden will hold at least 51% [1] - The U.S. Department of Defense will provide all funding through "non-recourse financing," while MP Materials will contribute its technical expertise, including rare earth separation and refining processes, as well as global supply and market channel capabilities [1] Group 2: Future Plans - MP Materials is also in discussions with Saudi partners to support or collaborate on magnet manufacturing in the region, aiming to further enhance the downstream industry chain [1]