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
AFP, citing a Palestinian source: This would force hundreds of thousands of displaced Palestinians into a small area near the city of Rafah, on the border with Egypt
AFP, citing a Palestinian source: 'Israel' was proposing to maintain military forces in more than 40 percent of the Palestinian territory
AFP, citing a Palestinian source: The map actually depicts redeployment and repositioning of the Israeli army rather than a genuine withdrawal
AFP, citing a Palestinian source: The negotiations in Doha are facing a setback and complex difficulties due to 'Israel's' insistence on presenting a map of withdrawal
Israeli media, citing former Aman official, reserve Colonel Jacques Neriah: Syria's transformation into a buffer zone as far as Iran is concerned changes the entire regional equation
Israeli media, citing a former security official: "Our borders" are now opposite Iraq after Syria became a buffer zone between us and Iran
Al Mayadeen's correspondent: The Israeli occupation launched more than 40 raids, in the form of fire belts, targeting Beit Hanoun; the most violent and intense since the beginning of the war
Al Mayadeen's correspondent: Israeli aircraft launched the largest waves of raids since the beginning of the war on the city of Beit Hanoun, north of the Gaza Strip
Barrack: The United States is committed to supporting that relationship between two equal and sovereign neighbors enjoying peace and prosperity
Barrack: I can assure that Syria’s leaders only want co-existence and mutual prosperity with Lebanon

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

'Everyone in Washington' believes Epstein Mossad spy: Tucker Carlson

Barrack defends Syria comments, claims they are no threat to Lebanon

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemeni air defenses repel substantial part of Israeli aggression

Yemeni air defenses confront Israeli aggression on Hodeidah

  • Politics
  • 7 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Trump announces Mexico, EU rariffs of 30%
US & Canada

Trump slaps trade partners, Mexico, EU, with 30% tariffs from Aug. 1

Deal struck to create new state of New Caledonia
Europe

France announces State of New Caledonia, except with a twist

Taiwan President Lai Ching-te, center, inspects a live-fire shooting training in Hsinchu County, Taiwan, Thursday, July 10, 2025 (AP)
Politics

US demands allies' plans in event of Taiwan war erupting

Israeli settlers kill American-Palestinian visiting West Bank
Palestine

Israeli settlers kill American-Palestinian visiting West Bank

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