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Saudi Oil Giant Aramco to Invest in Lithium Production
The world’s top crude oil exporter, Saudi Aramco, is set to announce on Wednesday a push to invest in lithium production and developments to capture part of the supply chain and diversify from oil, sources close to the largest oil firm globally told the Financial Times. The move to boost investments in lithium is part of a wider plan at the Saudi oil giant to become a mining hub and diversify into the material critical for the energy transition, according to FT’s sources. Last year, Saudi Arabia’s first electric vehicle (EV) brand…