Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament

US, Saudi Arabia in talks over massive mining eyeing Africa metals

  • By Al Mayadeen English
  • Source: The Wall Street Journal
  • 10 Sep 2023 18:56
  • 3 Shares
3 Min Read

The US and Saudi Arabia are discussing strategic investments in African metal resources, signaling a move to secure a competitive edge in the global metal markets.

  • x
  • Saudi Arabia and the United States are looking to launch a joint venture into African mines.
    Miners working under harsh conditions carry sacks of ore at the Shabara mine near Kolwezi, Democratic Republic of the Congo, on October 12, 2022. (AFP)

The United States and Saudi Arabia plan to purchase large amounts of metals in Africa to aid their "green" energy transitions, The Wall Street Journal said on Sunday.

The newspaper, citing people informed on the matter, said a Saudi State-backed enterprise will invest $15 billion in several African countries, including the Democratic Republic of Congo, Guinea, and Nambia. American companies are then expected to be awarded rights to buy some of the extracted metals, WSJ said.

The US is in fierce competition with China for supplies of cobalt, lithium, and other metals essential for various products. The battery market alone was worth upward of a hundred billion US dollars in 2022 and is projected to continue its steady growth in the future, according to Statista.

Read more: Rare earth elements and their applications; why the global competition

In July, Saudi Arabia's mining company Ma'aden and the Saudi Public Investment Fund bought 10% of Brazill's Vale base metal unit, while US investment firm Engine No.1 acquired 3%.

Related News

Iraq’s PMF law seen as test of sovereignty amid US objections

Notorious Palantir lands record $10bln contract with the US Army

According to WSJ, the PIF contacted officials in Congo in June to discuss a possible investment in cobalt, copper, and tantalum through a $3 billion joint investment with Ma'aden called Manara Minerals, with the latter focused on iron ore, nickel, and lithium.

The US is looking to secure backing from several other state funds in the Gulf; however, talks with Riyadh have progressed the most, according to WSJ.

US looks to ally with Saudis to curb Chinese industries

Washington's recent mobilization efforts are driven by its strategic goal to shift battery supply chains away from China. This move is aimed at safeguarding the US electric car industry's supply chains against growing international competition.

The American newspaper's report comes just one day after the Saudi Press Agency (SPA) revealed that Riyadh and Washington had signed a memorandum of understanding to establish a protocol aimed at creating intercontinental green corridors.

The transit corridor, which would connect Asia and Europe by train through Saudi Arabia, intends to allow the flow of renewable power and clean hydrogen via cables and pipes, according to SPA.

The project is allegedly aimed at helping efforts to create sustainable energy, improve the digital economy through data transfer through fiber optic cables, strengthen commercial commerce, and increase commodities transit by connecting trains and ports.

Read more: Sand, air, heat could substitute lithium-ion batteries: WSJ

  • United States
  • Lithium
  • Cobalt
  • Nambia
  • Democratic Republic of Congo
  • China
  • Guinea
  • Public Investment Fund
  • Saudi Arabia
  • Maaden

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS