Mining execs embrace 'phenomenal' rare earths interest from the Middle East
Update: 2025-10-28
Description
Gulf nations, including Saudi Arabia and the UAE, are making significant strides in the global minerals market by investing heavily in rare earth elements like copper, lithium, nickel, cobalt, and rare earths. Despite not having local deposits, they are focusing on downstream partnerships and processing facilities, such as the collaboration between Critical Metals and Saudi Arabia's Obeikan Group. This strategy aims to secure a foothold in mineral supply chains and position themselves as alternative partners to the West, driven by the rapid growth of AI and robotics. However, challenges remain, as major mining projects are still in early stages and rely on foreign know-how. The Gulf's ambitions are clear: to shift the balance in the critical minerals market and play a major role in clean energy and technology.
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