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Exxon Mobil is drilling for lithium in Arkansas and expects to begin production of the critical material for electric vehicles by 2027

Exxon Mobil, one of the world’s largest oil companies, plans to enter the lithium production market by 2027

Mining has not been a comfortable business for oil and gas giant ExxonMobil in the past but its plan to produce lithium, an important battery metal, should wipe away m...

ARKANSAS (BLOOMBERG) – Exxon Mobil Corp plans to become a top supplier of lithium for electric vehicles, marking the oil giant’s first major foray outside of fossil fuels in decades. Exxon will extract the metal from underground saltwater reservoirs in the Smackover Formation in southern Arkansas, employing a novel method called Direct Lithium Extraction not […]

Get latest articles and stories on World at LatestLY. Exxon Mobil on Monday announced it's drilling for lithium in southern Arkansas, with the oil giant expected to begin production of the critical material for electric vehicles by 2027. World News | Exxon Mobil is Drilling for Lithium in Arkansas and Expects to Begin Production by 2027.

Oil and gas giant ExxonMobil this month plans to drill its first well in Southwest Arkansas for lithium, a critical component in electric vehicle batteries.

And expects to produce the crucial EV battery material by 2027.

Oil giant Exxon Mobil will begin drilling for lithium from a large deposit in southern Arkansas in 2027.

ExxonMobil has unveiled its strategy to emerge as a prominent lithium producer, a crucial element in electric vehicle (EV) batteries.

Exxon Mobil is currently drilling its first lithium well in Arkansas, USA. The company aims to become one of the leading producers of lithium and this project will play a crucial role in helping the firm to achieve this goal.