Exxon Expands Lithium Plans With New Arkansas Deal ...Middle East

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Exxon Expands Lithium Plans With New Arkansas Deal
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Exxon has inked a deal with a chemicals producer for the development of lithium resources in Arkansas as it ventures further into the battery metal, Reuters has reported. The news follows last month’s report by the Wall Street Journal that Exxon had acquired the rights to a lithium deposit in Arkansas, for which it paid $100 million. The report quoted unnamed sources as saying the supermajor could begin drilling at the deposit in the next few months. According to the previous owner of the assets, they may contain up to 4 million tons of lithium…

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