Saudi Arabia set on securing lithium for EV ambitions

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to secure domestic supplies were at an early stage.

“Lithium is a very important mineral that happens to be part of a very important part of the supply chain, especially for batteries,” Minister of Industry and Mineral Resources Bandar Alkhorayef told Reuters in an interview on Sunday. Saudi Arabia has begun to explore extracting lithium from seawater and from salinated discharges from the kingdom’s oil fields in cooperation with Aramco, but it did not know yet if these initiatives would be successful.“For something to be economically feasible, there are two things we need to look at: the size of deposits and concentration. We do not have enough evidence to say that we have the right size of deposits and concentration.

“I’m quite confident that Saudi Arabia’s natural resource needs will be satisfied one way or another,” said Alkhorayef, in response to a question on international lithium investments. “Either through the products that we have in the country or through imports, be it Manara investing or other partners.”

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