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Chile says Saudi mining minister to visit, lithium expected on agenda

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FILE PHOTO: Saudi Arabia's Minister of Industry and Mineral Resources Bandar Alkhorayef attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 17, 2024. REUTERS/Denis Balibouse/File Photo
Bandar Alkhorayef, Saudi Arabia's Minister of Industry and Mineral Resources, at the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 17, 2024. REUTERS/Denis Balibouse/File Photo

SANTIAGO (Reuters) – Chile’s government said on Saturday that Saudi Arabia’s mining minister will travel to the South American country in July and plans to meet with his counterpart in Santiago.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef told Reuters in March the kingdom was interested in sourcing lithium abroad, as it aims to enter the electric vehicle sector.

“He will indeed be in Chile (in July) and has asked for a meeting with the minister. But the date is not yet set,” the ministry said in an email to Reuters.

A government source had told Reuters about the visit on Thursday, saying the two officials would discuss potential investments in lithium.

Chile is the world’s second-largest producer of lithium, a key material for making the batteries that power electric vehicles.

(Reporting by Fabian Cambero; Editing by William Mallard)

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