SYDNEY/TOKYO -- U.S. rare earths company MP Materials has signed an initial agreement with Saudi miner Maaden to "explore" developing a rare earths industry in the Middle Eastern kingdom.
Commodities
Rare earths race heats up with US-Saudi deal and Shenghe acquisition
MP Materials' agreement seeks to 'explore' development of industry in the kingdom
A wheel loader operator fills a truck with ore at the MP Materials rare-earth mine in Mountain Pass, California, in 2020. © Reuters
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