Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayaf, is embarking on a trip to Brazil and Chile to strengthen strategic partnerships in lithium mining and electric vehicle (EV) manufacturing. In Brazil, Alkhorayaf will engage with various industrial and agricultural groups, including major players like Minerva Foods, JBS, and BRF SA, as well as mining entities like the Brazilian Mining Association and Vale. In Chile, meetings are scheduled with Aurora Williams, the counterpart Minister, and key mining companies such as Antofagasta and state-run Codelco, which aims to involve the Chilean government in the lithium industry. Saudi Arabia's interest in lithium projects is part of a broader economic diversification strategy to reduce dependency on oil. The Kingdom seeks to position itself as a prominent player in EV manufacturing by securing minerals like lithium, copper, cobalt, and nickel through international partnerships. The collaboration between Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and the Kingdom's Mining Company, Ma’aden, has led to the establishment of a joint venture called Manara Minerals to invest in global mining assets. Additionally, the PIF plans significant investments in Brazil, focusing on green hydrogen, infrastructure, and renewable energy sectors. These initiatives highlight Saudi Arabia's commitment to sustainability, economic diversification, and global cooperation in the transition towards cleaner energy sources.