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(Page 1) Exxon Mobil Corp. (Houston) announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun
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ExxonMobil on Monday said work has started on a lithium well in Arkansas, as the energy giant seeks to become a leading producer of the critical metal used in batteries for electric vehicles (EV).
Global energy giant ExxonMobil Corp. says it will begin drilling for lithium this month near Magnolia, a move Gov. Sarah Huckabee Sanders said could turn the page on a new chapter of the state's economy.
The company aims to become a leading supplier for electric vehicles by 2030.
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