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ExxonMobil targets first lithium output for 2027
ExxonMobil aims to apply its drilling expertise to lithium production as the top US oil major seeks to become a leading supplier of the key component of electric vehicle (EV) batteries by the end of the decade. Work is already underway in southwest Arkansas, an area known to hold significant deposits of lithium, where ExxonMobil is targeting first output in 2027. Earlier this year, the company snapped up the rights to 120,000 gross acres of the Smackover formation. "This landmark project applies decades of ExxonMobil expertise to unlock vast supplies of North American lithium with far fewer environmental impacts than ... (full story)