Eni (MIL:ENI) is diversifying from fuels into battery metals, agreeing to buy up to 25% of EnergyX’s Black Giant lithium project for $225M and rights to 25% of future output (52.5kt/yr target by 2030) while boosting domestic jet‑fuel supply amid tight regional markets.
Previous Week Recap
- Eni Buys 25% Of EnergyX Black Giant: Eni (ENI) will buy up to 25% of EnergyX’s Black Giant lithium project for $225M, gaining rights to up to 25% of future lithium carbonate output (52.5 kt/year target by 2030) and a board seat
- Eni Increases Jet Fuel Imports: ENI boosted domestic jet‑fuel output by importing semi‑finished products to meet Italian demand amid tight European stocks, constrained Middle East supply and limited regional refinery capacity.
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