Titan Lithium Acquired Global Lithium for $333 Million
The Dubai-based firm aims to integrate Western Australian mining assets with a new $2.8 billion UAE refinery.
Updated on Oct. 11, 2026 in Oil and Gas
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In September 2026, Dubai-based Titan Lithium announced a $333 million acquisition of Global Lithium. The deal secures the Manna project in Western Australia to feed a $2.8 billion lithium refinery currently under construction near Abu Dhabi.
Why it matters
The UAE government is pursuing this investment as part of a broader strategy to diversify its national economy away from a reliance on oil production. By securing a reliable supply of spodumene concentrate, Titan Lithium aims to anchor its position in the global battery material supply chain.
The acquisition of Global Lithium involves the Manna project located 110km from Kalgoorlie, which is slated to reach nameplate capacity in early 2028. Titan Lithium has already secured a $300 million battery-grade lithium supply agreement with Mercedes Benz.
The players
Titan Lithium
This Dubai-based company is expanding its operations in the battery materials sector.
Global Lithium
This mining entity owns the Manna project located in Western Australia.
Mercedes Benz
This global automotive manufacturer is a key customer for the lithium produced by Titan Lithium.
The details
Titan Lithium intends to ship spodumene concentrate from Western Australia to its Abu Dhabi refinery, which is expected to be operational in 2027. The company is also implementing ore tolling arrangements for junior miners in Western Australia to support the facility.
Timeline
Titan Lithium announced the acquisition in September 2026.
The Manna project is expected to begin production in the middle of 2027.
The Abu Dhabi refinery is scheduled to be operational in 2027.
The Manna project is projected to reach nameplate capacity in early 2028.
Market Landscape
This acquisition integrates upstream mining assets with midstream refining capabilities, mirroring the vertical integration strategies common among firms seeking to compete in the global lithium sector. This consolidation allows Titan Lithium to bypass reliance on third-party supply chains for its UAE-based refinery operations.
For automotive consumers, this deal helps solidify the long-term supply chain for EV batteries by connecting Australian ore to processing facilities. While it does not change immediate vehicle pricing, it marks a significant stabilization effort for future battery-grade material availability.
The takeaway
Titan Lithium's expansion highlights the increasing importance of cross-border vertical integration in the race to secure battery materials. Companies that control the supply from extraction to refinery are better positioned to meet the high-volume demands of international automakers.
Further reading
For more information on energy sector shifts, see our Oil and Gas section.
Source note: This article includes information reported by The West Australian.
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