The US mineral oil company ExxonMobil is apparently getting involved in lithium mining. ExxonMobil’s investment in lithium mining is very small compared to the company’s $56 billion profit last year. Citing insiders, the Wall Street Journal reports that ExxonMobil would consider expanding its lithium mining operations if the Arkansas region proves profitable. Oklahoma City-based Galvanic estimates that the area contains 4 million tonnes of lithium carbonate equivalent (LCE), which it says is enough to build 50 million electric vehicles. - ADVERTISEMENT -ExxonMobil is also said to already be involved in another lithium project through its subsidiary Imperial Oil Ltd.

Source: Wall Street Journal May 24, 2023 11:14 UTC