Mining Other
Posted By OrePulse
Published: 16 Jan, 2026 09:54
Critical Metals forms JV with Saudi conglomerate for rare earth processing
Critical Metals said on Thursday it will form a joint venture with an industrial conglomerate based in Saudi Arabia.
The JV with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company, with equal stakes, was formed to construct and operate a rare earth processing facility in Saudi Arabia, to expand non-Chinese global processing capacity.
The transaction includes long-term offtake rights for 25% of the Tanbreez Project's rare earth concentrate production to Saudi Arabia.
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