ExxonMobil and LG Chem just announced a big move that could strengthen the US critical mineral supply chain and be a game-changer for EV manufacturers.
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EV battery maker SK On has signed a non-binding agreement to buy lithium from ExxonMobil’s first planned extraction project in Arkansas.
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The evil empire of ExxonMobil is taking a slight reprieve from birthing oil barons to invest its time and money into a promising new venture – lithium. The carbon-clad gasoline company has begun drilling for a different earth material in the US, with an aim to become a leading supplier of lithium vital to current EV battery chemistry by the end of the decade. Do you think they’re using zero-emissions equipment yet?
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