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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.