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Copper excavation needs to dramatically increase if the world wants to switch to electric cars, according to one of the world’s leading mining figures. Robert Friedland, co-chairman of the Canada-based Ivanhoe Mines, has warned that the drive to replace high-emission vehicles across the globe could be stalled by a lack of access to key metals.
Saudi Arabia holds an estimated $1.3 trillion worth of untapped mineral deposits led by phosphate, gold and copper according to the National Industrial Development and Logistics Program. These three commodities, all of which are already being mined in the Kingdom, will no doubt be much discussed at Future Minerals Forum, to be held in Riyadh between Jan. 11 and 13.