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MP Materials stock surges on Pentagon-backed deal to develop rare earth refinery in Saudi Arabia
cnbc.com/2025/11/19/mp-materials-rare-earth-saudi-arabia-maaden-pentagon.html
MP Materials surged Wednesday on a deal with the U.S. Department of Defense and the Saudi Arabian Mining Company, Maaden, to develop a rare earth refinery in the kingdom.
The U.S. rare earth miner's stock was last up about 9%.
MP and the Pentagon will hold a 49% stake in the joint…
This story appeared on cnbc.com, 2025-11-19 16:43:26.