Reported 3 months ago
Saudi Arabia views Chile's state-owned Codelco as a potential partner to develop lithium deposits, despite the challenges Codelco faces. Industry and Mineral Resources Minister Bandar bin Ibrahim Alkhorayef expressed interest in securing lithium supplies for domestic battery production and emphasized the unique opportunities in Chile's mining sector. Initial negotiations are underway, with further investments in various minerals being a key part of Saudi Arabia's economic diversification strategy.
Source: YAHOO