Exxon Mobil Plans to Produce Lithium in Arkansas

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https://www.nytimes.com/2023/11/13/business/energy-environment/exxon-mobil-lithium-arkansas.html

By Clifford Krauss, The New York Times.

Excerpt: Exxon Mobil said on Monday that it planned to set up a facility in Arkansas to produce lithium, a critical raw material for electric vehicles, which pose one of the biggest challenges to the company’s oil business. ...the announcement signals that the large oil company intends to hedge its big bets on conventional fossil fuels with at least some investments in cleaner forms of energy that are needed to combat climate change. ...The announcement does not represent a fundamental shift in corporate strategy, but it is an acknowledgment that battery-powered vehicles will increasingly compete with cars and trucks fueled by gasoline and diesel. It could also open the door for southern Arkansas to emerge as a major source of lithium. Most of the metal today comes from Australia and South America, and much of it is processed in China....

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