Saudi Arabia is making bold moves.. Lithium chile Saudi Arabia is making bold moves to diversify its economy beyond oil, and the mining sector is at the forefront. Over the next two weeks, Saudi Arabia’s mining minister, Bandar Alkhorayaf, will visit Brazil and Chile to discuss key partnerships and investments in mining.. especially lithium for electric vehicle batteries.
Analysts see this as a positive development for junior resource companies in the region, such as South Star Battery Metals in Brazil and Lithium Chile Inc. in Chile and Argentina. These companies stand to gain from increased investment and new partnerships driven by Saudi Arabia's diversification strategy.