The United Kingdom is set to sign a groundbreaking minerals cooperation partnership with Saudi Arabia, a move aimed at strengthening critical mineral supply chains, creating business opportunities for British enterprises, and attracting investment into the UK, the British government announced on Tuesday.
The UK relies on critical minerals like copper, lithium, and nickel, which are essential for manufacturing smartphones, electric vehicles, and data centers that power artificial intelligence systems. As global demand surges, securing a stable, long-term supply of these minerals has become a national priority.
Meanwhile, Saudi Arabia is positioning itself as a global hub for critical minerals trade. The kingdom estimates the value of its untapped mineral resources at an astonishing $2.5 trillion, underscoring its potential to play a pivotal role in the global supply chain.
For Britain, the agreement forms a key component of its industrial strategy, which prioritizes national security, economic growth, and job creation.
The partnership comes at a critical juncture as the UK and Gulf Cooperation Council (GCC) negotiators engage in ongoing discussions over a potential free trade agreement.
British Industry Minister Sarah Jones will lead a trade mission to Saudi Arabia, accompanied by 16 UK-based critical minerals companies, including Cornish Lithium and Beowulf Mining. These companies aim to establish business connections and explore opportunities in the Middle East.
The partnership will be officially signed during the Future Minerals Forum in Riyadh, where British companies will showcase their expertise and network with potential clients.
“Critical minerals are increasingly vital to our economy, as we accelerate the development of AI, clean energy, and emerging technologies,” Jones is expected to highlight in her speech at the forum.
“In the global race for economic growth, and in an increasingly uncertain world, the UK must secure supplies of these critical minerals.”
This partnership represents a significant step in bolstering the UK’s access to essential resources while fostering collaboration with a key Middle Eastern partner. y
By addressing critical mineral needs, Britain aims to solidify its position in the global economic landscape and ensure the resilience of its industrial and technological sectors.
