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Exxon Makes Lithium Play in Long-Term Bet on EV Demand

Collin Eaton of The Wall Street Journal reports on Exxon’s investment in lithium production.

The C3 Take
  • Earlier this year Exxon bought drilling rights to over 120,000 acres of land in Arkansas to bolster the company’s lithium production.
  • For the first time Exxon has drilled it’s first lithium well on the land and plans to begin producing battery-grade lithium by 2027.
  • Free markets and economic freedom are accelerating climate solutions.

“The lithium industry, if it continues to grow in southwest Arkansas, is expected to bring thousands of jobs to a corner of the state that was in decline for decades after the 1980s oil crash. Thousands moved away as the region’s oil wells dried up and big plants closed.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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