Saudi Aramco and Maaden to Form Joint Venture for Lithium Production by 2027

Published: Jan 16, 2025 09:26

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[Saudi Aramco and Maaden Plan to Establish a Lithium Producer Joint Venture] January 15 – Saudi Arabia's leading oil and mining companies are forming a joint venture to produce lithium, a critical metal for the energy transition. Saudi Aramco stated in a release that it has identified "potential lithium-rich zones" within its oil and gas fields. The company noted that the joint venture with Saudi state-owned mining company Maaden aims to produce commercial quantities of lithium by 2027.

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