European Lithium unveils plans for Saudi Arabia hydroxide plant

ASX-listed European Lithium has announced a shareholders agreement with Obeikan Group to construct and commission a large-scale hydroxide processing plant in Saudi Arabia to convert spodumene concentrate from the Wolfsberg lithium project, in Australia. The newly established 50:50 joint venture, Arabian New Energy, will seek to have an exclusive right to purchase spodumene mined from the current resource at Wolfsberg.