Riyadh ready to work with Moscow in rare metals sphere — minister

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Al-Khorayef, has expressed the kingdom's interest in establishing a partnership with Russia focused on the rare metals sector. This initiative is part of a broader effort by both nations to identify and cultivate sustainable economic projects that can thrive amidst shifting global market conditions. By exploring collaborative opportunities in mineral extraction and processing, Riyadh aims to diversify its industrial capabilities. The proposed cooperation highlights a strategic alignment as both countries seek to leverage their natural resources to ensure long-term economic stability. Discussions remain centered on finding mutually beneficial frameworks that address current industrial demands.

This potential collaboration signals a strategic shift in global resource management as major energy exporters seek to diversify their industrial portfolios into the critical minerals sector.