Looking for Lithium

Saudi Arabia eyes Chile in quest for lithium to supply EV industry

Almar Water Solutions is looking to form a partnership with Chile's state mining giant Codelco in its planned Maricunga lithium mining project

An EV made by Lucid Motors, which is majority owned by the PIF, is displayed during the Geneva Motor Show. (Photo: Getty Images)

Saudi Arabia’s quest for lithium to power its nascent electric vehicle industry is leading to stronger links with South America, as evidenced by the Future Investment Initiative’s conference in Brazil earlier this month.

Saudi-owned Almar Water Solutions is...