Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto
Baua Electric
MARCH 8, 2024
But Saudi Arabia and the UAE can draw on expertise in handling oil brine and wastewater at oil production sites. Lithium prices have fallen by about 80% since touching a peak in November 2022 as a slowdown in EV sales exacerbated a supply glut. The three sources declined to be named because they were not authorised to speak publicly.
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