Exxonmobil plans to become a leading supplier of lithium, using a modern process that has significantly less environmental impact than traditional mining. Exxon mobil is drilling for lithium in arkansas and expects to begin production of the critical material for electric vehicles by 2027. Exxonmobil’s entry into domestic lithium production could change this dynamic By developing a robust supply chain within the united states, the company is not only reducing reliance on foreign imports but also strengthening national energy security. 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. Exxonmobil says if the project goes according to plan, it will become one of the country’s leading suppliers of lithium by 2030.
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