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Exxon Mobil signs non-binding lithium supply deal with LG Chem - Blue Water Healthy Living

Summary by Blue Water Healthy Living
By Ernest Scheyder HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal with battery parts maker LG Chem, the oil giant’s second agreement to supply the electric vehicle battery metal from its proposed Arkansas project. Exxon last year announced plans to extract lithium from the Smackover Formation, an underground deposit of salty water known as brine that stretches from Florida through Arkansas…
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