Today's Edition
ABU DHABI (ALETIHAD)
Mercedes-Benz AG and UAE-based Titan Lithium Industries Ltd have signed a long-term strategic lithium supply framework agreement valued at more than $300 million (Dh1.1 billion), according to a press release issued on Thursday.
Under the multi-year agreement, Titan Lithium will supply battery-grade lithium for Mercedes-Benz’s global electric vehicle portfolio. The partnership establishes Titan Lithium as a supplier within Mercedes-Benz’s global battery materials supply chain and supports the automaker’s electrification roadmap, the release said.
The agreement is aimed at securing long-term supply security for Mercedes-Benz through responsibly produced and geographically diversified lithium supply. It also aligns with the UAE’s industrial and energy transition objectives to localise strategic value chains and expand downstream manufacturing of critical materials.
Titan Lithium’s refinery is located at Khalifa Economic Zones Abu Dhabi (KEZAD) and utilises clean energy sources and lithium refining processes to produce battery-grade lithium carbonate and lithium hydroxide, in line with the requirements of a low-carbon automotive supply chain, according to the statement.
Commercial supply under the agreement is expected to commence in 2028, subject to customary conditions.
Commenting on the agreement, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said: “This agreement reflects the UAE’s deliberate strategy to build globally competitive industrial value chains in critical sectors. By enabling advanced manufacturing partnerships between global manufactures and UAE-based producers, the UAE continues to position itself as a reliable, long-term partner and the corridor to the economy of the future”.
Vaibhav Jain, Founder and Chairman of Titan Lithium Industries Ltd, said: “Lithium is the backbone of the new energy economy, and this partnership reflects the UAE’s emergence as a trusted, long-term contributor. The UAE today represents a once-in-a-lifetime opportunity to provide resilience to the clean energy ecosystem globally. This agreement with Mercedes-Benz reinforces global confidence in the UAE’s ability to deliver critical materials responsibly, reliably, and at world-class standards.”
Titan Lithium Industries Ltd is a UAE-based producer of battery-grade lithium materials and is developing a lithium refining platform at KEZAD. The facility is being developed in two phases with a combined capacity of 120,000 tonnes per annum of lithium carbonate and lithium hydroxide, with production expected to commence in the second quarter of 2027, the press release said.
