Saudi Arabia is planning a second lithium processing plant as it seeks to capture a piece of the energy transition pie. The plant will be a joint venture between Saudi industrial major Obeikan Investment Group and Australian startup European Lithium, the Financial Times has reported, with first production expected in 2026.
The lithium produced at the new facility will be supplied to Germany’s BMW under an already existing agreement. “A lot of the world is fearful about what would happen if China switched off its [lithium] exports,”…Oil Sands Major To Slash 1,500 Jobs
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