‘Saudi Desalination’: Chinese Plants for Brine Mining Operational by 2026

One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
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‘Saudi Desalination’: Chinese Plants for Brine Mining Operational by 2026

One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)
One of the factories under Saudi Arabia’s Saline Water Conversion Corporation (SWCC) for brine water mining (Asharq Al-Awsat)

The General Manager of Commercial Services at the Saline Water Conversion Corporation (SWCC), Eng. Mohammed Al-Ghamdi, announced the start of operations for two new Chinese plants at the Ras Al Khair station in eastern Saudi Arabia.

These plants will focus on utilizing brine water and extracting minerals, with operations beginning in the first quarter of 2026.

The SWCC has made agreements with local and international companies to develop investment opportunities in brine mining.

These agreements were disclosed during the Future Minerals Forum in Riyadh last week.

As part of these agreements, two plants will be established in collaboration with Chinese partners in Ras Al Khair, targeting the extraction of essential minerals and salts from brine water, contributing to the circular economy outlined in “Vision 2030.”

Brine water, a byproduct of seawater desalination, contains high levels of salts and minerals like sodium chloride, magnesium chloride, potassium chloride, bromine, and others.

This approach helps reduce waste from seawater desalination and lessens reliance on mineral imports.

Al-Ghamdi emphasized the importance of brine water due to its high salt content.

He highlighted that extracting minerals and essential elements from it for the market is cost-effective and energy-efficient, presenting significant economic opportunities given the abundance of these waters.

Al-Ghamdi shared that investments in brine mining are projected to reach about SAR 8 billion ($2.1 billion dollars) by 2030, boosting the local economy.

He pointed out upcoming efforts to extract essential minerals like magnesium, potassium, and high-purity sodium chloride. These minerals are vital for diverse industries in the Kingdom.

Al-Ghamdi confirmed that the new plants will help produce elements like sodium and bromine within the Kingdom, reducing the need for imports

The goal is to meet 25%- 40% of the local market demand by 2030.



Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
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Gold Gains on Weaker Dollar; Traders Brace for Fed Rate Decision

FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelry shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma/File Photo/File Photo

Gold prices firmed on Monday, supported by a softer dollar, as investors awaited further details on the US-China trade relations, along with the Federal Reserve's policy meeting due later this week.

Spot gold gained 0.5% to $3,256.85 an ounce, as of 0416 GMT. US gold futures rose 0.7% to $3,265.10.

The dollar was down 0.3% against its rivals, making gold more attractive for other currency holders.

"The US dollar is looking subdued ahead of the Fed meeting this week which is enabling gold to take a mild run higher," KCM Trade's Chief Market Analyst Tim Waterer said.

"We may see gold continue to operate in the $3,200-$3,350 range ahead of the Fed meeting. However, any new headlines on the trade deal could cause volatility to tick up once again."

The market's focus will be on the US central bank policy decision and speeches by several Fed officials due this week, for insights into future monetary policy trajectory.

Traders are now expecting 80 basis points of rate cuts this year starting in July, following the US Labor Department's report on Friday showing larger-than-expected job additions in April.

Non-yielding gold acts as a hedge against global uncertainty and inflation and tends to thrive in a low-interest-rate environment. US President Donald Trump said he will not remove Jerome Powell as Fed Board Chairman before his term ends in May 2026, while reiterating his call for the Fed to cut interest rates.

Trump on Sunday said the US was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.

Chinese markets are closed for the Labor Day holiday from May 1-5 and will resume trade on Tuesday, May 6.

Spot silver rose 0.5% to $32.14 an ounce, platinum fell 0.2% to $957.77 and palladium gained 0.2% to $955.28.