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Saudi Arabia’s Pursuit of Minerals for EV Industry Takes Global Stage

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayaf, is on a mission to secure mineral wealth for the kingdom’s budding electric vehicle industry. His recent visits to Brazil and Chile are part of Saudi Arabia’s efforts to expand its role in the international mining industry.

In Brazil, discussions are centered around mining, food processing, and aviation, while in Chile, the focus is on lithium, a crucial component for electric vehicle batteries. These visits highlight Saudi Arabia’s determination to develop its electric vehicle industry and strengthen its presence in the global mining sector.

The kingdom’s push for minerals comes as part of its broader economic transformation plan, which includes diversifying its economy away from oil. By investing in the electric vehicle industry and securing mineral resources, Saudi Arabia aims to position itself as a key player in the global transition to sustainable energy.

The visits to Brazil and Chile underscore Saudi Arabia’s commitment to securing the resources needed for its ambitious economic goals. As the world shifts towards cleaner energy sources, Saudi Arabia is strategically positioning itself to be a major player in the electric vehicle industry, with a focus on securing the minerals necessary for this transition.