Saudi Arabia’s Mining Ventures Expand

Saudi Arabia is actively seeking mining partnerships to secure essential minerals for industrial expansion, aligning with global consolidation trends. At the World Economic Forum, Minister Bandar Alkhorayef discussed the potential advantages of engaging in mergers.

Despite limited success in past overseas ventures, Saudi Arabia sees new opportunities in the mining sector. The kingdom is interested in acquiring a stake in Barrick Gold Corp.’s Zaldivar copper mine in Chile, with backing from Manara Minerals Investment Co., supported by the Saudi sovereign wealth fund.

In 2023, Saudi Arabia took a significant step by purchasing a 10% stake in Vale S.A.’s base metals unit in Brazil. Additionally, negotiations are ongoing for a share in a Pakistani copper and gold mining project.

Saudi Arabia’s Copper Ore Trade

Data from IndexBox reveals a drop in Saudi Arabia’s copper ore export value from USD 590.6 million in 2023 to USD 515.5 million in 2024. The main export destinations include China and Japan. On the import side, there was an increase in value from USD 296.7 thousand in 2023 to USD 2 million in 2024, with Japan and China as primary suppliers.

This report offers a comprehensive analysis of Saudi Arabia’s copper ore market, including trends, consumption, production, and trade forecasts up to 2030.

Key Features:

• Market volume and value
• Per Capita consumption
• Trade dynamics in Saudi Arabia
• Market trends and key players

Designed for manufacturers, distributors, and investors, this report aids in strategic decision-making, addressing issues like market diversification, capacity utilization, and global expansion.

It leverages AI-driven insights for in-depth market analysis, empowering businesses to uncover new opportunities.

1. 1. INTRODUCTION

   Emphasizing Data-Driven Business Growth

   1. REPORT DESCRIPTION
   2. RESEARCH METHODOLOGY AND AI PLATFORM
   3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
2. 2. EXECUTIVE SUMMARY

   Market Performance Snapshot

   1. KEY FINDINGS
3. 3. MARKET OVERVIEW

   Current Market Status and Future Prospects

   1. MARKET SIZE
   2. MARKET STRUCTURE
   3. TRADE BALANCE
4. 4. MOST PROMISING PRODUCT

   Identifying Products for Business Diversification

   1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
5. 5. MOST PROMISING SUPPLYING COUNTRIES

   Optimal Countries for Sustainable Supply Chains

   1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
6. 6. MOST PROMISING OVERSEAS MARKETS

   Best Export Destinations

   1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
7. 7. PRODUCTION

   Industry Trends and Insights

   1. PRODUCTION VOLUME AND VALUE
8. 8. IMPORTS

   Leading Import Sources

   1. IMPORTS BY COUNTRY
9. 9. EXPORTS

   Top Export Destinations

   1. EXPORTS BY COUNTRY
10. 10. PROFILES OF MAJOR PRODUCERS

    Key Market Players