Northern, Obeikan to develop $200M Saudi battery plant

Al Obeikan, Northern Graphite Partner on Anode Plant at Yanbu | The Middle East Observer

Canadian miner Northern Graphite has signed a term sheet with Al Obeikan Group for Investment Company to jointly develop a US$200 million battery anode materials plant in Saudi Arabia, as part of its strategy to establish a fully ex-China graphite supply chain, the companies said. The proposed facility will be located in Yanbu Industrial City […]

Northern, Obeikan to develop $200M Saudi battery plant

The Battery Anode Material facility in Yanbu Industrial City, Saudi Arabia, will be built through a joint venture company majority-owned (51%) by Saudi diversified industrial group Obeikan and 49% owned by Canadian company Northern Graphite Corporation.