Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto
Baua Electric
MARCH 8, 2024
China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles. Saudi Arabia, whose economy for decades has relied on oil, has spent billions on trying to turn itself into a hub for EVs as part of Saudi Crown Prince Mohammed bin Salman’s attempts to find alternative sources of wealth.
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