Saudi Arabia finds 110 million tonnes of ore at Jabal Sayid

Officials said Saudi Arabia has discovered 110 million tonnes of ore at Jabal Sayid containing high concentrations of rare-earth elements and uranium, a find that could reshape commodities supply chains.

Market reaction pending.

Jabal Sayid deposit composition

Officials said the discovery covers 110 million tonnes of ore and includes both rare-earth elements and uranium; the announcement did not publish grade or tonnage breakdowns. The ministry described the find as geologically significant for the kingdom but provided no immediate production timetable.

Officials said the presence of both rare-earths and uranium links separate industrial supply chains: rare-earths feed magnets and advanced electronics, while uranium can enter civilian nuclear fuel cycles. Industry officials said developing such a deposit typically requires extended exploration, feasibility studies and investment in extraction and processing infrastructure.

Officials said further technical data will be released in coming weeks and that the government will complete follow-up assays by October 15, 2026. Traders and commodity processors will watch those results for clarity on ore grades and potential timelines for supply entering markets.