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Saudi Arabia claims $2.5 trillion in mineral wealth to boost economy beyond oil, investing $110B and partnering globally, including on rare earths for U.S. defense.
Saudi Arabia says its mineral reserves, including gold, copper, lithium, and rare earth elements, are worth $2.5 trillion, a key step in its Vision 2030 plan to diversify beyond oil.
The kingdom is expanding mining through increased exploration, $110 billion in planned investments, and international partnerships, including a deal to refine rare earths from Greenland for U.S. defense needs.
While Saudi Arabia aims to build domestic processing capacity and reduce reliance on China—currently dominant in rare earth refining—experts note it lags behind global leaders and infrastructure development will take years.
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Arabia Saudita reclama $ 2.5 billones en riqueza mineral para impulsar la economía más allá del petróleo, invirtiendo $ 110B y asociándose a nivel mundial, incluso en tierras raras para la defensa de los Estados Unidos.