Saudi Arabia’s mineral wealth set to double as prices of gold, copper, zinc rise

RIYADH: With the prices of valuable minerals, especially gold, copper and zinc rising, Saudi Arabia expects the value of its current mineral wealth to double from the previously estimated SR5 trillion ($1.3 trillion), CEO of the Saudi Geological Survey Abdullah Al-Shamrani told Asharq Al-Awsat.

For instance, the current value of zinc increased to SR3,000 from SR1,000 during the last period while the price of copper jumped from SR2,500 to SR10,000 a ton, he explained.