How Saudi Arabia is redefining the global mining map

The Future Minerals Forum has become one of the world’s most influential gatherings in the minerals sector, uniting stakeholders around the shared goal of building sustainable mineral supply chains

Al Majalla

How Saudi Arabia is redefining the global mining map

In just four editions, the Future Minerals Forum (FMF) has transformed from a bold Saudi initiative into one of the world’s most influential gatherings in the mining and minerals industry. This success reflects the leadership of Saudi Arabia’s Ministry of Industry and Mineral Resources, which has translated Vision 2030 into reality by positioning mining as the Kingdom’s “third pillar” of economic growth.

Through FMF, the ministry has created a global platform that not only advances Saudi ambitions but also unites international stakeholders around the shared goal of building sustainable and resilient mineral supply chains. What once was a fragmented landscape of industry conferences, scattered across continents, has now found a central anchor in Riyadh. It is a unifying platform that is reshaping the narrative of minerals, mining, and investment for the 21st century.

Before FMF, the global mining calendar was divided across regional powerhouses. PDAC in Canada dominated North America, with its strength in exploration, financing, and junior miners; Mining Indaba in South Africa was the continent’s largest platform, focusing on Africa’s vast resource potential and development challenges; and IMARC in Australia concentrated on the Asia-Pacific, highlighting Australia’s mining exports, innovation, and regional partnerships.

Each played its role within its respective geography, but none managed to bring the world's mining industry together: governments, policymakers, financiers, and industry leaders from across North America, Europe, Asia, Africa, and the Middle East under one roof.

Riyadh, through the Future Minerals Forum, has now achieved what others could not. It has transformed fragmented regional gatherings into a unified global focal point. In just four editions, FMF has become the arena where East meets West, where investors from North America and Europe engage directly with policymakers from Africa, Asia, and the Middle East, and where strategies for the world’s energy transition and supply chain resilience are coordinated.

Courtesy of FMF

From fragmentation to focus

Mining conferences of the past were influential in their respective regions, but were also scattered across the globe. North America focused on exploration and capital markets. Africa emphasised local development. Australia leaned heavily on resource exports. Each told an important story, but separately.

The Future Minerals Forum changed that equation. It positioned Saudi Arabia as the natural meeting ground of the global minerals industry. It bridges Africa’s resource-rich markets, Asia’s industrial powerhouses, Europe’s advanced technologies, and North America’s capital strength, all anchored by the Middle East’s strategic investment and logistics hub.

By doing so, Riyadh has created not just another mining conference but a true platform of alignment. It is a place where fragmented regional conversations are unified into a single global dialogue, where policymakers set direction, investors find opportunities, and technology leaders showcase solutions.

At FMF, discussions flow seamlessly across continents, connecting supply with demand, finance with innovation, and strategy with execution. It has become the only forum where the entire mining value chain—from exploration to production and from capital markets to critical minerals security—converges under one agenda.

The FMF unifies fragmented regional conversations into a single global dialogue where policymakers set direction, investors find opportunities, and technology leaders showcase innovative solutions

A meteoric rise

The numbers tell the story. The first FMF in 2022 brought together thousands of delegates and hundreds of exhibitors. By the third edition in 2024, the event attracted more than 14,000 attendees from 145 countries. In its fourth edition, held in January 2025, the figure leapt to over 20,000 participants from more than 170 nations.

No other forum in the mining world has achieved this trajectory in such a short time. PDAC remains the largest in absolute size, with more than 27,000 participants, but FMF's growth rate and its ability to convene high-level decision-makers are unmatched. Most importantly, FMF delivers not only numbers but influence. Its Ministerial Roundtable has become a unique fixture, gathering more than 100 government representatives and 50 international organisations in a single session of policymaking and collaboration.

While PDAC's attendance remains larger, with 27,353 participants in 2025, Riyadh's Future Minerals Forum delivers an influence that far surpasses its headcount. In January 2025, FMF concluded with 126 agreements worth $28.5bn. These covered exploration, mining, financing, research and development, innovation, sustainability, and value-chain investments.

Attendees at FMF don't just network; they also engage in meaningful discussions, leaving with signed deals, concrete investment commitments, strategic partnerships, and policy direction. That is why FMF, despite being relatively new, is already rivalling—and in fundamentals likely exceeding—the impact of larger forums. This is the place where policy meets capital, innovation meets strategy, and the future of minerals is being shaped in real terms, not just talk.

Fayez Nureldine / AFP
Participants attend the Future Mineral Forum in Riyadh on January 10, 2024.

Outcomes that matter

What sets FMF apart is not only who attends but what they take home. Deals are signed. Partnerships are forged. Strategies are aligned. Attendees walk away with far more than presentations and leave with actionable connections that shape their investment strategies and government policies.

In a world where critical minerals have become the backbone of modern industry and energy, their importance can no longer be overstated. From powering electric vehicles and storing renewable energy in advanced battery systems to enabling wind turbines, solar panels, aerospace technologies, and digital infrastructure, minerals such as lithium, cobalt, nickel, copper, and rare earth elements are at the heart of the global energy transition. Without them, the ambition of a low-carbon future simply cannot be realised.

Against this backdrop, the Future Minerals Forum has emerged as a geopolitical stage of the highest order. It is not only a venue for discussion but a marketplace of strategy. It is where countries negotiate supply chains, companies secure the partnerships needed for long-term growth, and global institutions set the frameworks for responsible mining and sustainability. FMF has become the platform where the future of energy security, industrial competitiveness, and climate goals converge. It is a forum where the mineral foundations of tomorrow's economy are being laid today.

AFP
An oil refinery in Aramco's Shaybah field, January 12, 2024.

The 'third pillar'

The forum's rise is inseparable from Saudi Arabia's Vision 2030, which positions mining as the 'third pillar' of the economy, alongside oil and gas and petrochemicals. For decades, Saudi Arabia has been recognised as the world's central stabiliser of oil markets—a role that has underpinned global economic growth and protected the world from supply shocks. Now, through Vision 2030 and the leadership of the Ministry of Industry and Mineral Resources, the Kingdom is extending that stabilising influence into the minerals sector.

This effort is not confined to national ambition. FMF is a global public good, designed to benefit the region and the wider world. By convening stakeholders from across North America, Europe, Asia, Africa, and the Middle East, Riyadh has become a major hub for shaping mineral resource strategies that the world increasingly depends on for green energy, industrial competitiveness, and the energy transition.

The same country that has long guaranteed energy security through oil is now ensuring that the minerals required for electric vehicles, renewable power, advanced manufacturing, and digital economies are debated, coordinated, and responsibly developed on a global scale.

The FMF is already rivalling—and in fundamentals likely exceeding—the impact of larger forums

In this way, Saudi Arabia is no longer just the backbone of the oil market but also an architect of the minerals future. It is a dual role that strengthens energy security today while laying the foundation for a cleaner and more sustainable tomorrow.

Saudi Arabia, long recognised as the stabiliser of global oil markets, is now charting another course. Minerals are emerging as the backbone of the energy transition and green industrial growth. Through FMF, the Kingdom is not merely a host but an architect of a new global minerals ecosystem, providing a neutral and credible platform where policy, capital, innovation, and sustainability converge under its Vision 2030 agenda. The benefits of this effort extend far beyond the local economy, reaching the regional and ultimately the global level.

The growing momentum will be on display at the fifth edition of FMF scheduled for 13-15 January 2026. There, Saudi Arabia will demonstrate that it is not just a heavyweight in the traditional energy sector, but is also becoming a key player in the minerals sector.

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