Скачать или смотреть US & Saudi Arabia Strategize to Secure Vital Metals from Africa's Rich Terrain, Keep Pace With China

The United States and Saudi Arabia are actively engaging in negotiations to acquire crucial metals from Africa, essential for their energy transition endeavors, as reported by the Wall Street Journal. The proposed collaboration involves a Saudi-backed scheme, investing an estimated $15 billion in mining projects across key African countries. In return, this initiative would authorize U.S. firms to buy a segment of the extracted yield. Primarily, the U.S. is aiming to match China in accessing essential metals vital for electronic devices and electric vehicle batteries. This venture echoes past collaborations, such as the Saudi Arabian Mining Co's stake in Brazil's Vale metal unit. Manara Minerals, a joint venture between the Saudi Public Investment Fund and Ma'aden, is central to these negotiations, with interests spanning various metals. As the U.S. seeks financial endorsements from sovereign-wealth funds, talks with Saudi Arabia have shown the most progress.