US, Saudi Arabia in talks to protected metals in Africa, Wall Street Journal stories

US, Saudi Arabia in talks to protected metals in Africa, Wall Street Journal stories


VinFast electric vehicles are parked in advance of delivery to their to start with clients at a keep in Los Angeles, March 1, 2023.

Lisa Baertlein | Reuters

The United States and Saudi Arabia are in talks to safe metals in Africa wanted to aid them with their electrical power transitions, the Wall Avenue Journal noted on Sunday, citing folks with awareness of the talks.

A condition-backed Saudi venture would buy stakes in mining assets worthy of $15 billion in African countries such as the Democratic Republic of Congo, Guinea and Namibia, which will permit U.S. businesses to have rights to acquire some of the creation, the report included.

The U.S. is in a race to capture up with China for provides of cobalt, lithium and other metals that are made use of in electric motor vehicle batteries, laptops and smartphones.

In a very similar arrangement in July, Saudi Arabian Mining Co (Ma’aden) (1211.SE) and the Saudi Public Investment decision Fund (PIF) acquired 10% of Brazilian Vale’s foundation metallic device, although U.S. financial commitment agency Motor No. 1 obtained 3%.

The newspaper reported the PIF approached Congo in June about investing in cobalt, copper and tantalum in the place by means of its $3 billion joint undertaking with Ma’aden named Manara Minerals.

Manara is also focusing on iron ore, nickel and lithium.

The White Home is seeking the monetary backing of other sovereign-prosperity funds in the location, but talks with Saudi Arabia have progressed the farthest, the Journal extra.

The Saudi authorities and The White Home did not instantly answer to a ask for for comment.



Supply

Early tallies suggest Catherine Connolly is leading candidate in Ireland’s presidential election
World

Early tallies suggest Catherine Connolly is leading candidate in Ireland’s presidential election

Irish presidential candidate Catherine Connolly, who is running as an independent in the Oct. 24 election, attends the Irish National Ploughing Championships in Screggan, Ireland, on Sept. 16, 2025. Clodagh Kilcoyne | Reuters Counting was underway Saturday for votes in Ireland’s presidential election, with early tallies suggesting a significant lead for left-wing independent Catherine Connolly. […]

Read More
The 5 most common jobs in America’s most populous cities—and how much they pay
World

The 5 most common jobs in America’s most populous cities—and how much they pay

There are nearly 4 million health and personal care aides in the U.S. In fact, health and personal care aides were the most common job Americans held as of May 2024, earning an annual median salary of $34,000, according to a CNBC Make It analysis of the latest data available from the U.S. Bureau of […]

Read More
Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale
World

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Company: Fluor Corp (FLR) Business: Fluor is a holding company that provides engineering, procurement, construction, fabrication and modularization, and project management services. The company’s segments include energy solutions, urban solutions and mission solutions. The energy solutions segment provides EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG and power […]

Read More