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ExxonMobil has skill and financial muscle to pull off lithium push - Upstream Online

Upstream Online · last updated

ExxonMobil has skill and financial muscle to pull off lithium push | Upstream Online

As ExxonMobil has officially entered the battery materials race with its announcement to develop lithium production in the US, sources say the supermajor is in a prime position to exploit its drilling know-how and serve a booming market that is hungry for locally sourced critical materials.

On Monday, ExxonMobil said it would seek to develop the lithium-bearing acreage it acquired rights for in Smackover, Arkansas, with first output expected in 2027.

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