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February 10,2025

Saudi Arabia:Focusing on becoming global hub for critical mineral mining & refining for EVs

As part of its "Vision 2030" economic diversification strategy, Saudi Arabia is positioning itself to become a key player in critical mineral mining and refining. A major focus has been on processing these minerals to support value-added sectors like electric vehicle (EV) production. The Saudi government has set an ambitious goal to manufacture 500,000 EVs locally by 2030.

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