Mineral Deficiency

“When it came to Saudi Arabia’s ambitions in the sector, Mudaifer did not beat around the bush: ‘Our strategy is for minerals or mining to maximize their value to the kingdom.’ He said Riyadh was focused on capturing ‘the high end’ of the EV manufacturing process, including battery making as well as the expensive and complex metals required to build modern cars. ‘It’s the entire value chain, whenever possible.'” The Saudis aren’t sitting around watching the sands through the hourglass until their oil money spigots to run dry. They’re digging for the next cash cow. Inside Saudi Arabia’s plan to dominate mining.

+ Unlike oil, the mineral business will require digging beyond their borders. Saudi Arabia wants to be a minerals and industrial powerhouse. Key to that plan: Africa.