How Oil-Rich Arkansas Became a Lithium Mining Hotbed The U.S. lithium production landscape is changing as **ExxonMobil** (XOM), **Albemarle** (ALB), and **Standard Lithium** (SLI) invest in Arkansas. These companies are betting on Arkansas’ Smackover Formation’s richness in lithium brine. This shift is largely driven by… Read More »Lithium Mining Surge in Oil-Rich Arkansas
ExxonMobil (XOM) has announced plans to become a major supplier of lithium. This critical material powers electric vehicle batteries, driving the industry’s future. Our strength lies in our expertise across geoscience, engineering, and chemical processing, enabling us to deliver large-scale projects efficiently. Lithium Ramping Up… Read More »Charging into the Lithium Business with ExxonMobil
ExxonMobil (XOM) has signed a memorandum of understanding with SK On, a leader in electric vehicle battery production. This agreement aims to establish a multiyear supply of up to 100,000 metric tons of Mobil Lithium for SK On’s U.S.-based EV battery manufacturing. This milestone reflects… Read More »ExxonMobil and SK On Ink MOU for Mobil Lithium Supply
Introduction ExxonMobil, a titan in the oil and gas industry, has announced a groundbreaking shift in its business strategy, venturing into lithium production. This move is aimed at capturing a share of the burgeoning electric vehicle (EV) battery market. The company’s ambitious plan to drill… Read More »ExxonMobil Moves into Lithium Production for EV Batteries
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