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Benchmark: Saudi Arabia is building an EV battery supply chain

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Saudi Arabia has cut a number of deals recently that coud make the country’s lithiu-ion supply chain the most developed in the Middle East, according to an analysis by Benchmark Mineral Intelligence. The Saudi processing plant will process spodumene from a mine that European Lithium is developing in Wolfsberg, Austria.

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Saudi Arabia Pursues Lithium to Fuel EV Ambitions – ET Auto

Baua Electric

Saudi Arabia is focused on obtaining lithium from abroad for its electric vehicle (EV) ambitions, according to a senior minister. Minister of Industry and Mineral Resources Bandar Alkhorayef stated in an interview that attempts to secure domestic supplies were in early stages.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.

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thyssenkrupp nucera to supply 700+ MW of electrolyzers to H2 Green Steel for one of the largest integrated green steel plants in Europe

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For steel production, H2 Green Steel uses green hydrogen produced in the electrolysis plant directly at the Boden plant where it has a constant supply of renewable (hydro- and wind power) electricity. This process no longer produces liquid pig iron, but a solid iron sponge refined into crude steel in an electric arc furnace.

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

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Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters.

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IHS Markit: 10 MMb/d of oil production cuts coming

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The laws of supply and demand are fierce in extreme conditions. Demand is collapsing because of the closure of a large share of the global economy because of coronavirus disease 2019 (COVID-19). The supply surplus cannot exceed the practical upper limit of 1.2 In contrast, output from Saudi Arabia is projected to be 1.8

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Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

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Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.