Bangkok, Thailand - Thailand has discovered nearly 15 million tons of lithium deposits, a government spokesman said Friday, a boost for the kingdom's goal of becoming a regional hub for electric vehicle production. The find means Thailand has the third largest lithium resources, behind Bolivia and Argentina, but it is not...
Saudi PIF Governor: Global demand for metals to rise sixfold by 2040
Riyadh, Saudi Arabia - Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Wednesday said that the Kingdom’s mineral wealth currently stands at $1.3 trillion, with a target to increase it to $1.5 trillion.Speaking at the third annual Future Minerals Forum (FMF) held in Riyadh on January 10-11, Al-Rumayyan said the...
Northvolt says it develops new sodium-ion battery
Stockholm, Sweden - Battery group Northvolt said on Tuesday it had developed a new sodium-ion battery, a technology using less critical minerals which could lessen dependence on China. "The world has put high hopes on sodium-ion, and I'm very pleased to say that we've developed a technology that will enable its...
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors weighing the economic, environmental and human rights risks of such projects. With demand for fossil fuels expected to peak by the end of the decade, the focus is shifting towards...
DEWA files patent for energy liquid
The liquid enhances efficiency of energy storage systems.
GCC eyes global recycling dominance amidst EV boom
While rising EV demand may cause a global shortage of metals like cobalt and lithium by 2030, the Gulf region's vast resources position it as a potential recycling leader.
Iran announces discovery of large lithium deposit
TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric vehicles and electronic devices, state media reported Saturday. "For the first time in Iran, a lithium reserve has been discovered in Hamedan", in the west of the country, state television...Small gain for gold in 2022 despite rate hike
Goldman Sachs has recently projected that the supply of Lithium will begin to outpace demand from 2023 onward.Tesla reports record profits
Tesla shares rose 5% to $1,026.99 in after-hours trading.
Growth picks up as MENA drives into EV market
Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the world are already working to offset it. A few right policy moves will help economies like the UAE and Saudi Arabia to diversify their economy, especially away from oil and...
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of AD Ports Group’s Industrial Cities & Free Zone (IC&FZ) cluster. The facility will be built by Australia's Lepidico Ltd, a global lithium exploration and development company. Lepidico...
