Riyadh to Host Third Edition of Int’l Future Minerals Forum

The Second Edition Future Minerals Forum in 2022 (SPA)
The Second Edition Future Minerals Forum in 2022 (SPA)
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Riyadh to Host Third Edition of Int’l Future Minerals Forum

The Second Edition Future Minerals Forum in 2022 (SPA)
The Second Edition Future Minerals Forum in 2022 (SPA)

The Saudi Ministry of Industry and Mineral Resources announced the third edition of the Future Minerals Forum (FMF) at the King Abdulaziz International Conference Center in Riyadh under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.

The Ministry explained that the third edition will build on previous editions of FMF, offering a deep dive into a broad spectrum of topics and critical issues facing the global minerals industry, including sustainability practices and standards, developing green and future minerals value chains, and attracting investments in the super region.

It also aims to integrate knowledge and technology in mining operations and assert the role of the minerals sector in developing local economies and societies.

FMF is an essential platform for the super region, which stretches from Africa to West and Central Asia, bringing together industry leaders, investors, policymakers, and experts to shape the future of the minerals sector collectively.

The Forum is an essential platform for the super region, which stretches from Africa to West and Central Asia, bringing together industry leaders, investors, policymakers, and experts to shape the future of the minerals sector collectively.

The Minister of Industry and Mineral Resources, Bandar al-Khorayef, confirmed that the international conference is considered the most important in the world, with the support of King Salman and Crown Prince Mohammed bin Salman.

Khorayef pointed out that the conference's third edition will include the supply and demand of the most used mineral, playing a crucial role in the global shift towards clean energy.

It will establish a platform for discussion between metal-producing and consuming countries and ensure continuity of investment in the sector, starting with mines, manufacturing, refining, and processing operations.

"Recognizing the sector's challenges, there's an urgency to develop a clear roadmap and address the growing demand for critical minerals essentials for energy transition. We must facilitate dialogue, decision-making, and collaboration among stakeholders to realize our ambitious energy transition goals," said the Minister.

He stressed that the third edition will continue as a pioneering platform to lay more foundations for participation in decisions and procedures.

The goals are shared between investors, mining companies, and parties worldwide and will also work to highlight the role that the targeted region can play in achieving the world's goals in green transformation.

The main events of FMF will take place on January 10-11, convening ministers, mining investment leaders, and several prominent figures and innovators from a cross-section of global minerals and mining companies.

The sessions will foster rich dialogue on industry trends, investments, and sustainable practices.



US Excludes Smartphones, Computers from Trump’s Reciprocal Tariffs

Apple iPhone 16 are on display during the launch September 20, 2024, at the Apple Store in New York. (AFP)
Apple iPhone 16 are on display during the launch September 20, 2024, at the Apple Store in New York. (AFP)
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US Excludes Smartphones, Computers from Trump’s Reciprocal Tariffs

Apple iPhone 16 are on display during the launch September 20, 2024, at the Apple Store in New York. (AFP)
Apple iPhone 16 are on display during the launch September 20, 2024, at the Apple Store in New York. (AFP)

The Trump administration has granted tariff exclusions for smartphones, computers and other electronics imports supplied largely by China, sparing them from much of President Donald Trump's steep 125% duties.

In a notice to shippers, the US Customs and Border Protection agency published a list of tariff codes that will be excluded from the duties. The exclusions are retroactively to 12:01 a.m. on April 5.

The US CBP listed 20 product categories, including the very broad 8471 code for all computers, laptops and disc drives and automatic data processing. It also included semiconductor devices, equipment, memory chips and flat panel displays.

The notice did not provide an explanation for the Trump administration's move, but the late-night exclusion provides welcome relief to major US technology firms, including Apple Dell Technologies and countless other importers.

The move represents another step back from Trump's maximalist tariff approach, including several escalations of his duties on Chinese goods.