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ExxonMobil is getting into the lithium production business. The company announced on Monday that it’s going to become a “leading producer of lithium” by opening its first drilling operation in southern Arkansas.
The demand for lithium has grown in the past couple of years, with the metal serving as a key ingredient in the rechargeable batteries that power electric vehicles, phones, laptops, and other tech. ExxonMobil plans to start producing lithium in 2027 and says it could m...
