KONTAN.CO.ID - RIYADH. 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. Saudi Arabia, whose economy has for decades relied on oil, has spent billions attempting to turn itself into a hub for EV manufacturing as part of defacto ruler Crown Prince Mohammed Bin Salman's attempts to diversify the economy. "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 Set on Securing Lithium for EV Ambitions
KONTAN.CO.ID - RIYADH. 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. Saudi Arabia, whose economy has for decades relied on oil, has spent billions attempting to turn itself into a hub for EV manufacturing as part of defacto ruler Crown Prince Mohammed Bin Salman's attempts to diversify the economy. "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.