Following a slew of investments in mining facilities and companies, Saudi Arabia has ventured into the critical metals market. Investments in this market are crucial for advancing the development of world-class mining assets. The country’s latest deal is valued at $2.6 billion and involves the biggest mining company in Brazil, a move that may cement its place in this billion-dollar market.

The deal is a joint venture between Ma’aden, the state mining company and the nation’s sovereign wealth fund. It will see Saudi Arabia purchase a…

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