UK Signs Minerals Cooperation Agreement with Saudi Arabia

The UK is set to sign a critical minerals partnership with Saudi Arabia, aiming to enhance supply chains for essential materials like copper, lithium, and nickel, which are vital for technology and clean energy sectors. British Industry Minister Sarah Jones will lead a delegation of 16 UK companies to the Future Minerals Forum in Riyadh, showcasing their expertise and exploring new business opportunities. This partnership is part of the UK government's broader industrial strategy, aimed at securing a stable supply of critical minerals to support economic growth and national security. Saudi Arabia, with an estimated $2.5 trillion in untapped mineral resources, seeks to position itself as a global hub for critical minerals trade. The deal also coincides with ongoing discussions for a free trade agreement between the UK and the Gulf Cooperation Council. Jones emphasized that these minerals are increasingly vital as the UK advances its efforts in AI and clean energy.