Saudi Arabia Expands Mining To Challenge China

Saudi Arabia announced a major mining expansion, claiming about $2.5 trillion in mineral reserves and state-owned Maaden pledging $110 billion investment over the next 10 years. The government said it will accelerate exploration, simplify regulations, and develop processing and refining capacity under Vision 2030 to reduce oil dependence. The plan aims to build end-to-end supply chains and present alternatives to China’s rare-earth dominance.