Saudi Aramco, the world’s largest oil company, is to expand its investments in lithium production in the race to build a supply chain for the metal vital for batteries to power electric cars. China controls about two-thirds of the market in lithium processing,

Integrated energy and chemicals company Aramco and Ma’aden, a multi-commodity mining and metals company, have signed non-binding heads of terms outlining the potential formation of a minerals exploration and mining joint venture (JV) in Saudi Arabia.

Saudi Arabia’s main oil and mining companies are forming a joint venture to produce lithium, a key metal for the energy transition, as the kingdom pursues a bigger role in mining.

Saudi Arabia has unveiled a joint venture between the state oil company Aramco and the state mining company Ma'aden. The collaboration focuses on extracting lithium, a vital component in batteries for electric vehicles (EVs),

Saudi Aramco has announced plans to team up with state-run compatriot Ma’aden, a multi-commodity mining and metals company, to commercialise the extraction of lithium from underground salty waters at its vast oilfields in the kingdom, initially for the country’s own use.

The proposed venture will focus on energy transition minerals, which includes lithium extraction from high-concentration deposits and use of cost-effective direct lithium extracti

The Saudi state giant is expected to soon announce its plans to boost investments in lithium development, as part of broader moves to become a mining hub and diversify from oil, news reports have sugg