Saudi Arabia Targets Battery Metals Mining With “Huge” Investment

Saudi Arabian Mining Company (Maaden), the state miner of the world’s top oil exporter, plans “huge” investments in exploring for lithium and nickel in Saudi Arabia over the next two decades, Maaden’s top executive told Bloomberg Television on Wednesday. “In the next 10 to 20 years we are going to spend huge amount of money looking for those metals in Saudi Arabia,” Maaden’s chief executive officer Abdulaziz Al Harbi told Bloomberg, asked about the key battery metals lithium and nickel. The world’s…