Energy Minister's Keynote Address at the Future Minerals Forum

[M158-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:10 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

I hope there would not be any explosion behind me, I shall try to provide more excitement but you know probably the excitement I have is enough to explode the entire room so watch out

[M158-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:36 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

well first of all I'm very grateful for the opportunity, I've always thought that the very particularity of Saudi Arabia today is having to demonstrate how a government and actually put together an exemplary approach for what a government can do

[M158-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:01 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

if we all as government agencies learn how to work together, not only with each other but I always call it the have and will continue to call it the ecosystem and the ecosystem also engulfs corporate state owned enterprises even partners because after all none of us can succeed again working as a silo or in a silo

[M158-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:38 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and what you see, what we just saw a while ago is the very product of this cooperative approach and some more we have seen it in Iktva two days ago and more that we have seen before and more important what you will see in the future

[M158-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:05 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

now my title of this presentation as you see, is kind of a I wouldn't call it warning but I'm trying to make it more of a hypothesis or if we have enough lawyers I know one lawyer here standing watching out for me if I could present it like a case and I will take exception and ask you to become the jural, unsolicited jural but I could not have thought of a better jural than you because in the jural system you know they're chosen without being asked whether if they can or not

[M158-06] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:50 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

in this case I could not find a more resembling jural of what the jural should be because you are all expert in this field and certainly I cannot compare myself with the talent and the competence and the capabilities that are existing in this home

[M158-07] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:11 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

so my case is to put a case for that we really have an issue, serious issue with mining as an issue of energy security and I'll take you through for what I believe is the issue

[M158-08] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:31 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

as you know uh we've lived an age and an era and a period where everybody was talking about energy security is more or less confined into the security of oil supply in the Middle East; however today oil is no longer poses and energy security challenge due to available storages, development of infrastructure and mature supply chain and the production of oil has become more terrific,

[M158-09] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:11 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

so energy security is now as we have seen in 22 is about availability of not only gas but LNG and the provision of the infrastructure, and the capability of finding a sustainable buyer, it's not enough to have a gas buyer, a gas buyer has to be sustainable gas buyer where he can put infrastructure the distribution and what have you so as the producer can continue investing and be assured that he will have the market for that gas

[M158-10] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:04:50 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and that goes with electricity too and again electricity it's not about generating it's about transmission, distribution and each of these system have its own prerequisites and components that sometimes far exceed the cost of the transmission line and the distribution line and also incubate lots of minerals as you will see as I present my case

[M158-11] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:20 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

So, and in all of these things predominantly need mine and mining and minerals so in this presentation I will focus on the relationship between mining and energy security

[M158-12] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:46 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

here you go, now luckily I'm helped by too many consultancies and too many institutions that provide this information, and I'm just giving you what people are projecting in terms of the requirements of what supposed to be the demand for solar, wind, batteries, and nuclear

[M158-13] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:18 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and look at the minerals that are required and don't look at lithium prices and cobalt and all these Minerals today because there is an over supply recognized over supply but in reality if the world will go to this anticipated demands of all of these four things here you go lithium is seven times and the rest you could see it now

[M158-14] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:06:54 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

that's why I believe that meeting this increased demand for critical minerals present a substantial challenge to ensure responsible and reliable supply, in oil we've always said and you know we have coined that world in Saudi Arabia we are the most stable, reliable responsible, reliable supplier of world in this one there is no Saudi Arabia there are has to be many Saudi Arabias because without which we're in for a bad time

[M158-15] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:07:37 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but we have to also be conscious of what we're getting into because everybody knows that in mining there is a great deal of amount of emissions that comes out of it and does contribute to the issue of climate change so as water contamination, waste management and what have you

[M158-16] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:01 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and I'm not the expert and by the way in today's mining there is a lot of fossil fuel has been used a lot of unabated coal has been used and so as diesel and you are expert and you know how much that is contributing to the accumulation of the carbon footprints

[M158-17] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:33 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

there is another issue which is the geographical concentration of the resources and I'll come to that immediately after this, and you're the expert how long it take you to go from finding, discovery (…) going through exploration, going through extraction, and now it's becoming even tougher because licensing and what have you and the components and the infrastructure they take time but I'll come to that

[M158-18] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:13 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and there is and you will see it a global race to have access to the or secure these critical minerals, so if you think that we are alone as Saudi Arabia or somebody else is alone, that's not the reality and I show it to you

[M158-19] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:09:39 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

this is the kind of emissions that we get for every one ton of lithium for example you're getting 15 tons of carbons and the rest goes on

[M158-20] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:00 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

so Mining and processing currently contribute to about 5 giga tons of carbon dioxide corresponding to 12% of the annual Global greenhouse gases

[M158-21] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:19 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

Mining and processing also are difficult to decarbonize and their primary rely on coal as I was saying

[M158-22] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:31 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and to produce one ton of lithium as I said you have to have you will be emitting 15 million tons of greenhouse gases

[M158-23] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:10:43 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

Significant growth in mining and processing activities will result in a higher emission unless we figure out a way of how can we attend to this challenging issue because otherwise we will be electrifying using processes that will negate the purpose of its creation

[M158-24] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:13 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

which is emitting, reduction of emissions and if we continue doing that we're really fiddling with ourselves as I oppose you to attending to (…) it's like you know trying to put up your hand and walking blind side you know with your eyes closed pretending that what you're imagining is a reality but actually when you walk with your eyes closed you end up smacking a wall

[M158-25] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:11:54 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

now the other issue the concentration, be it in extraction and be it in processing it's self explanatory and it is not my facts as I said look at the sources so I'm not creating anything from my head

[M158-26] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:21 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

this is not our numbers and I will put a disclaimer that this is not our numbers but look at the concentration,

[M158-27] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:32 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

sorry think I for some reason I can't get

[M158-28] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:12:48 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

look at the concentration that you have here and ask yourself and I'll come to that because they have a nice number to show

[M158-29] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:02 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

duration of how long you get it from one A to Z in fact I checked with my good friend Khaled last night just to verify the numbers, I think you can care that we moved from 13 years to about 18 years processes

[M158-30] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:24 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

I'm not the expert and you are the jural so I rely on you that's what they was talking about the concentration -sorry I'm getting it- here you go

[M158-31] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:13:52 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

people think that they are the only party that are trying to source for these mineral, we have not at Saudi Arabia I believe we have not published our critical minerals list but to the countries that have published and there are 35 countries, look at how many of those countries are sorting for these minerals

[M158-32] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:14:18 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and don't tell me that we will be going through a serious crowding in effect, which by itself yes it would create demand but it also would create higher cost and more of an enhancement of the type of monopoly that those who have got the Minerals today it's actually a meaningful way of not only making it more profitable but I believe there is a sense of something I will mention it later at the end of the presentation

[M158-33] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:05 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but I'm pretty comfortable to say that if this thing continue you will see people jumping on each other and the cost of that will be higher cost and higher pressure on producers

[M158-34] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:25 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

let's talk about we, we are transitioning, as Saudi Arabia, and I'm showing you my friend Hamad will be happy with that because alot is working with us on many of these things, I'm showing you what some of those components that we require for our own transitioning

[M158-35] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:15:59 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and this is merely a small list of the things that we would be needing we have another challenge ourselves as Saudi Arabia we're not seeking local content we're seeking localization and I presented this chart in Iktva just to show case the difference between local content and localization and the difference is two subprocesses which is the manufacturing of the subcomponents and sorting out for raw materials

[M158-36] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:16:41 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

so our challenge is more intense but more rewarding, because we will meet the Big Challenge which is the mining energy security

[M158-37] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:02 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

by the way my presentation of Iktva you could just scan the barcode and you will scan something which I find it different and I would thank our people those who are working with us on the localization program that they have assembled the second uh barcode where we will show you piece by piece equipment by equipment what we are targeting and you could deduce from that how much minerals we'll be using

[M158-38] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:42 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but it gives you a sense of focus of how also serious we're taking our localization program

[M158-39] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:17:51 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

more scary thing for us this is our challenge we ask as Saudi Arabia just to meet our localization program for this certain quests or renewable just a renewable and the component of the renewable and the electricity sector

[M158-40] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:18 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

look at how much minerals we would need, and because of that we've been working in earnest to do our job because none of these components we will shall not produce and no one is going to stand before our way of delivering what we have promised our people of this country to deliver

[M158-41] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:18:53 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

let alone promising our leaders to deliver and achieve

[M158-42] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:05 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

it is not my job to talk about it and I'm glad that Bob and Khalid had talk about it and others including Aramco you know Nasser Alnaimi is a good pal, a good friend

[M158-43] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:19:25 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

Nasser had you had him had a cranky voice, and his crankiness voice crankiness comes from the many talks that we have with them on conference calls and video conferences but I'm very glad and I'm honored to see Aramco at this stage working on something you know because we used to say the Arab what you call it the Arab thing is taboo there is nothing for Aramco to do

[M158-44] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:00 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

I had the honor of participating in writing the bylaws of Aramco and I was asked by many people why would you include all of these activities in the bylaws and I told them because you're seeing Aramco of today but you cannot imagine what Aramco can be in the future so what you saw just a while ago is a testament that Aramco can be the diversified company and it's mandate is has no limit as long as it makes economic and sound economic decisions

[M158-45] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:20:48 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

however Bob is talking about Manara simply because it was a product by the Ministry, PIF and the Ministry of Industry of course because we are humble people we don't claim that we have all the resources and all the abilities to do all of the above

[M158-46] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:09 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

so we've created Manara to ensure that we can reach out to the resources that we need see that's the difference we have our own particular list we know exactly what minerals we know and we are working on figuring out what minerals we can produce here and we're not shying from saying we don't have it and we would like to Source it from somewhere else

[M158-47] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:37 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but we have to be doing it as fast and furious as possible

[M158-48] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:21:47 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

back to security issue at the peak of the 12-member countries while they were 13 they were only producing 40% of the oil and you could have hear a lot about how monopolistic OPEC has been, just I show you a while ago who is monopolistic and who is not, and as I said earlier oil is no longer an energy security challenge instead as I said it's going to be gas it's going to be electricity it's going to be predominantly minerals

[M158-49] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:22:35 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and today some of these countries as I was showing you they have as a country have 50% of the ownership of some of these uh required minerals and critical minerals and as I said countries are racing to access critical minerals and secure their own supply chain rushing to secure access to resources will ultimately lead as I was saying to higher emission, higher metal prices and higher energy cost which is something I have not mentioned

[M158-50] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:21 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

the more you mine the more energy you require so as it is the more AI and data centers so has more energy so in looking at the future as everybody was saying you will have AI, you have data centers, you will have mining to get, you have crypto mining, you have all of the above, can you imagine what would happen to energy demand

[M158-51] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:23:55 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and can you imagine the race between mining to create energy and energy to create mining and growth of these economy I just want people to pause and think I really like don't like the idea of being the Energy Minister at that time

[M158-52] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:21 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

enough but I have -pause- I want to show you how consistent I've been and this is an event that happened two years ago at KAPSARC, we hosted the International Association of energy economics and Dan Jurgen was having a dialogue with me

[M158-53] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:24:48 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

I just put if you bear with it three minutes of what I have said then by the way the date of it is February 23 now I'm not going to be upsetting people and remind people of what I said in June 21 when I mentioned that Lost in Translation now the la la land scenario but I want to make sure that people are not getting me as into the business of scare mongering

[M158-54] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:25:22 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

I've been consistent and I will continue with this presentation and what might yet may may come in the future I'll be consistent and by the way I'm not a person who will be shy to change his mind and I say I was wrong but I pity those people who is running with their story unconscious of with their of their responsibility in pushing through something that they know technically cannot happen

[M158-55] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:25:54 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but here if you permit me to show you these three minutes to prove my consistency

[M158-56] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:03 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

but in all honesty the transition that people are aspiring for I cannot comment on it because I know whatever I would say it would be interpreted as this is the very energy minister of Saudi Arabia who is trying to send off people from transition all what I want to say is that be careful what you wish for

[M158-57] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:32 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

because it would not happen in the same speed it can never happen with the projected cost and I'll give you an example in Saudi Arabia the cheapest producer of renewable the difference between projects that we did in 20, 21 & 22 is almost 20% and 30 to 40%

[M158-58] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:26:56 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

can you escalate with all the transitioning that will happen and by the way it is not just going to be on producing electricity it will be wiring for the electricity, it will be the transmission line, it will be the distribution light, it will be the hydrogen and what hydrogen requires in terms of materials it will be the facilities that are be built to export hydrogen or even distribute domestically hydrogen

[M158-59] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:32 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

it will be the carbon sequestration and what it requires it would be the emission the carbon capturing that is required and you know what also it will be the cars it will be the vehicles it will be the mobility components of oil

[M158-60] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:27:53 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

that if we are to electrize it and I ask everybody how much it would cost how much competition will be there competing over the same resources check not my number check what has been produced today of all these materials that are going to be used see how much is available see how much it would take to make more available

[M158-61] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:28:21 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

and what would be the world capacity of availability even of the resource itself and I would have to say for the purpose of completeness who is the owner of these resources and who is going to manage the markets of these resources if people thought that OPEC in past or OPEC plus as they claim it or as being a cartel you haven't seen the real cartel yet

[M158-62] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:00 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

well because of that Saudi Arabia is determined to produce every ounce, every gram, every molecule, every atom, every electron of our resources our resources and you are welcome to join us

[M158-63] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:29:35 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

this is the finale of my hypothesis, my case it's my case and I'm the lawyer for it and I believe in that energy security, affordability and sustainability depends on urgent collective and inclusive effort to address critical mineral challenges and that's why we're here and that's why we have this Gathering every year and that's why we invite you to be part of our own responsible way of attending to a real issue

[M158-64] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:30:16 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

not walk blindly into a crisis that we knew ahead of time that we could have mitigated it and I have one thing to do which you show you, you could download this presentation and I believe you could also, there is, that presentation is with you and if you have any question if you have any doubts please reach out to us but again as a lawyer I would have to tell you I rest my case and you're the jural

[M158-65] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:31:12 · Energy Minister's Keynote Address at the Future Minerals Forum · 2025-01-15 · مشاهدة عند هذا التوقيت

thank you