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Metso + EV Metals to build lithium plant in Yanbu: Battery chemicals company EV Metals Group signed an agreement with Finnish industrial machinery company Metso to establish a lithium chemicals plant (LCP) in Yanbu Industrial City, according to a statement. Metso will deploy its leaching technology which is being used globally in LCP projects, including the Energy & Minerals Group ’s lithium refining subsidiary LiChem which is exploring developing lithium refining complex in Oman.
KSA has been working on strengthening its critical minerals supply chain: It signed with the UK an agreement in May to strengthen the global supply of critical minerals and prioritize the sustainable production of critical minerals essential to EV, wind turbine, and solar panel manufacturing. Saudi also inked 75 agreements with a total value of USD 20 bn at the Minerals Forum, including to launch a metals trading company aimed at shoring up iron ore, lithium, copper and nickel supplies from international markets.
EV Metals is already present in the kingdom: The battery chemicals company signed an agreement with the Royal Commission for Jubail and Yanbu last year to establish a facility to produce key chemicals for EV batteries and renewable energy storage. EV Metals Group is based in Australia but has offices in the Kingdom and the UK, according to their website.
About Metso:Metso is a Finland-based industrial machinery company that focuses on mining, aggregates, recycling and metal refining industries. The company has a regional presence as it partnered with Ma’aden and Germany’s ThyssenKrupp to develop a carbon capture and storage complex in KSA.
