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Saudi Arabia sees lithium investment options in Chile

Saudi Arabia is working to secure access to lithium and other minerals to become a hub for battery and EV manufacturing as it aims to diversify its oil-dependent economy. Chile's state-run miner Codelco is currently seeking a partner for a major lithium project in the Maricunga salt flat, and the government recently opened many other lithium deposits to private investment. Chilean President Gabriel Boric is currently visiting the UAE.