Robert Friedland, Founder and Co-Chairman of Ivanhoe Mines, talking on the 2022 Future Minerals Discussion board in Riyadh, Saudi Arabia. Credit score: FMF
Saudi Arabia is without doubt one of the world’s oil powerhouses, boasting the second-largest confirmed reserve of the slick stuff. Nonetheless, because the inaugural Future Minerals Discussion board lately held in Riyadh heard, the dominion is prepping for a pivot to embracing metals important to growing the longer term world economic system.
Saudi Arabia is trying to make investments its large capital potential to not solely develop its business, from exploration to downstream battery metallic processing. Maybe extra impactfully, the nation has a possibility to change into the hub for mineral information and finance for the Center East, Africa and Central Asia area.