$95m lithium plant to boost Middle East EV supply chain

9 November 2021

Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed a deal with Lepidico to set up the first lithium production facility in the Middle East as part of plans to develop the supply chain for electric vehicles (EVs) in the region.

Global lithium exploration and development company Lepidico’s AED 348m ($95m) facility will use a “clean tech” process to extract lithium and recover valuable by-products from lithium-mica and phosphate minerals. The predominantly gypsum residue will be repurposed for use in the construction industry.

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