IMPORTS-
UAE’s Titan will import raw lithium for new plant:Dubai-based manufacturer Titan Lithium will import 150k tonnes of lithium annually from its Zimbabwean mines for processing through the nearby Khalifa Port for use at a new AED 5 bn lithium processing facility in the Khalifa Industrial Area, according to a press release.
More details: The plant will import 150k tonnes of lithium annually from Titan’s mines in Zimbabwe for processing through the nearby Khalifa Port. The 290k sqm facility will produce battery-grade lithium carbonate and lithium hydroxide for use in EV production plants worldwide. Construction will be finalized in three phases under a 50-year land lease agreement.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Air Arabia debuts new flight routes: Air Arabia Maroc is rolling out direct flights from Rabat to five European cities, including Barcelona, Brussels, Istanbul, Paris and Basel-Mulhouse, effective 1 May 2024. (Statement)