The UK will sign a minerals cooperation agreement with Saudi Arabia to enhance critical mineral supply chains, attract investments, and support economic growth. Critical minerals like lithium, copper, and nickel, vital for clean energy technologies and AI development, are key priorities for the UK.
Saudi Arabia, with untapped resources valued at $2.5 trillion, aims to be a global critical minerals hub. The agreement aligns with ongoing UK-GCC free trade negotiations. British Industry Minister Sarah Jones will lead 16 companies to Riyadh’s Future Minerals Forum, emphasizing the UK’s strategic goals in securing resources.
