USA and Saudi Arabia They are talking about a possible alliance to obtain metals in Africa that are key to their respective energy transitions, as reported this Sunday by The Wall Street Journal.
The newspaper, which cites sources familiar with the matter, indicates that Saudi Arabia is considering investing US$15 billion in mining assets on the continent, in countries such as the Democratic Republic of the Congo, Guinea and Namibia.
Although the details are not finalized, a possible agreement between Washington and Riyadh would imply that certain American companies would have rights to buy part of the production of those Saudi-owned assets.
In this way, Saudi Arabia would help the US gain positions against China in the race for the development of electric vehicles, which require cobalt, lithium and other metals for the manufacture of batteries.
Sources also told the Journal that talks between Washington and Riyadh are the most advanced, but the White House is also seeking financial backing from other sovereign wealth funds in the region.
Those mining talks are part of a broad initiative by the G7 group to invest in global infrastructure projects in developing countries, the newspaper adds.
Source: EFE
Source: Gestion
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