Ann: Non-binding MOU executed to build & operate hydroxide plant, page-97

@JAGUAR - I won't be buying back into EUR - that said
the Saudis will need to wean themselves of their oil riches and they know it and as per your post are doing it.

As per my previous post, Bahrain has many industries, has good harbour facilities - many other middle east countries do pelletising of iron ore, why not lithium rock? This same guy had as a last job - together with a consortium of people - bought a pelletising plant from China for Iran and they were on the verge of the final commissioning, when the American embargo on Iran came and they could not proceed - never got paid their final costs etc. - he worked for nothing for 3 years - didn't stop him though - amazing bloke, sorry he's gone.

Through him I know there is a lot going on in these countries, all powered by a foreign workforce, the locals are lazy, have been spoilt by the oil riches.
money is obviously no object to the wealthy, so, yes, this is a good plan and good on them for diversifying away from oil.

I just have my doubts about shipping rocks from 'Austria to Saudi' - and the best route would be via Slovenia to Trieste, then the shipping route to the coast of what used to be Asia Minor etc. etc. - never mind all the other political implications.
I won't be buying into EUR - it would be good for a gamble, that's for sure.
Take care
Taurisk