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Saudi Arabia expands lithium processing to supply BMW
Electric vehicle lithium NMC battery with multimeter. Electric car battery manufacturing factory

Saudi Arabia is planning a second lithium processing facility to produce refined lithium hydroxide for BMW. Australia-listed lithium start-up European Lithium and Saud Industrial conglomerate Obeikan Investment Group will each take a 50% stake in the plant. This is a sign of the lithium supply chain’s move away from China as the EU and the US try to create more capacity in global processing.