Saudi Arabia and UAE oil giants plan lithium extraction from brine to diversify economies.

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are reportedly in the early stages of efforts to extract lithium from brine in their oilfields, according to sources. The move is aligned with their strategies to diversify their economies and capitalize on the growing demand for electric vehicles (EVs). Other oil companies, including Exxon Mobil and Occidental Petroleum, are also exploring technologies to extract lithium from brine. The initiative comes as major economies prioritize lithium for its crucial role in battery manufacturing. The process avoids the challenges associated with traditional mining methods. The move is part of Saudi Arabia’s broader efforts to position itself as an EV hub and reduce reliance on oil.