Ma’aden is conducting Exploration program in the Arabian Shield, targeting mineral resources estimat at $2.5 trillion,” said
Daryl Clark , Ma’aden’s Senior Vice President of Exploration . “This propos joint venture will help us
accelerate exploration of the Arabian Platform, combining b2b email list Saudi Aramco’s deep knowlge of the region with Ma’aden’s extensive experience in mining exploration.”
Lithium is a fundamental element in the energy transition and is indispensable in the production of
fastgrowing industries such as electric vehicles, energy storage and renewable energy. Global demand
for lithium has tripl over the past five years and is expect to grow at a compound annual growth rate of
more than 15% by 2035.
The joint venture has the potential to meet Saudi Arabia’s expect demand for lithium
Which is expect to grow 20fold between 2024 and 2030, supporting approximately 500,000 electric vehicle batteries and 110 gigawatts of renewable energy.
The plann joint venture was announc during the Future Minerals Forum in Riyadh and is subject to
customary closing conditions, including regulatory approvals.
aramco
About Saudi Aramco
Saudi Aramco is a leading global integrat energy and chemicals company. Whether it’s ensuring a
stable supply of oil resources or advancing the to your websiteenable peopleemail marketing research and development of new energy technologies,
our global team is fully committ to making a positive impact in every task we do. We focus on the
reliable, sustainable and efficient use of resources to promote global development and productivity.
Disclaimer
This press release contains forwardlooking statements
All statements other than statements relating to historical or current facts contain in this press release
are forwardlooking statements. Forwardlooking statements describe the Company’s current expectations and projections regarding its capital liechtenstein number expenditures and investments, major projects, and
upstream and downstream performance, including expectations and projections relative to its peers.
These statements may include, but are not limit to, any statements prec by, follow by or including words such as “target,” “believe,” “expect,” “intend,” “may,” “prict,” “estimate,” “plan,” “should,” and other words and terms of similar meaning or the negative thereof Ma’aden is conducting.
