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17 Nov 2023

Exxon Mobil Targets Major Lithium Supplier Role by 2030

Exxon Mobil plans to start lithium production by 2027, aiming to be a major supplier for electric vehicle batteries by 2030. The company has secured 120,000 acres in Arkansas for extracting lithium from brine - an eco-friendly alternative to mining. The strategic move also includes partnering with Tesla and Ford to focalize on non-fossil fuel resources. [Source](https://www.bloomberg.com/news/articles/2023-11-13/exxon-aims-to-become-a-leading-lithium-supplier-for-evs-by-2030)