VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023.
The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks.
In a similar arrangement in July, Saudi Arabian Mining Co (Ma'aden) (1211.SE) and the Saudi Public Investment Fund (PIF) acquired 10% of Brazilian Vale's base metal unit, while U.S. investment firm Engine No.
The White House is seeking the financial backing of other sovereign-wealth funds in the region, but talks with Saudi Arabia have progressed the farthest, the Journal added.
The Saudi government and The White House did not immediately respond to a request for comment.
Persons:
PIF, Ma'aden
Organizations:
Wall Street, Democratic, Saudi Arabian Mining, Saudi Public Investment Fund, Manara Minerals, Saudi
Locations:
Los Angeles, United States, Saudi Arabia, Africa, Saudi, Democratic Republic of Congo, Guinea, Namibia, U.S, China, Brazilian, Congo