Aramco, Ma’aden sign strategic partnership to focus on lithium extraction

As part of its operations, Aramco has identified several areas with a high lithium concentration of up to 400 parts per million

Aramco, one of the world’s leading integrated energy and chemicals companies, and Ma’aden, the largest multi-commodity mining and metals company in the Middle East and North Africa region, have signed a non-binding Heads of Terms, which envisages the formation of a minerals exploration and mining joint venture (JV) in the Kingdom of Saudi Arabia, Aramco announced on January 15.