Saudi Arabia Challenges China's Rare Earth Dominance, Unveils $2.5 Trillion Mineral Wealth

• Saudi Arabia announces discovery of $2.5 trillion worth of mineral reserves, including rare earths, gold, zinc, copper, and lithium.
• This move aims to reduce Saudi Arabia's dependence on oil and increase its global economic and political influence.
• China currently controls over 90% of refined rare earth and 60% of mining production globally, making this a direct challenge to its dominance.
• The US, under Donald Trump, is actively seeking alternatives to China for rare earth minerals, showing interest in Saudi Arabia's potential.
• Saudi Arabia plans to invest $110 billion over 10 years in its mineral sector, offering tax exemptions and simplified regulations to attract investment.

Why It Matters: Saudi Arabia's massive mineral discovery and investment plan could reshape global rare earth supply chains.