In September the United States and Saudi Arabia advanced discussions to form a partnership to boost critical minerals supply from African countries. Saudi Arabia announced that it would purchase $15 billion in global mining stakes to secure minerals from countries such as Namibia, Guinea, and the Democratic Republic of Congo, to increase critical minerals supply for domestic processing and manufacturing, in support of its ambiguous goal of producing 500,000 electric vehicles annually by 2030. Given it lacks significant critical mineral reserves, most of Saudi Arabia’s efforts to secure critical minerals have focused on developing countries....
Read More ...