In scorching summer heat, Renier Swiegers marches through the desert toward a drilling rig. He’s not looking for oil though, the dynamo of Saudi Arabia’s economy the past 80 years. It’s another potential source of wealth and influence the kingdom now has its eye on. Having already used its energy…
Having already used its energy riches to upend the worlds of sports, tourism and movies, Saudi Arabia’s Crown Prince Mohammed bin Salman is prepared to pour billions of dollars into tapping the more than $1.3 trillion of metals his government says is buried in places like this.
The US and Saudi Arabia are discussing strategic investments in African metal resources, signaling a move to secure a competitive edge in the global metal markets.
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