• November 20, 2024

Exxon Mobil's Lithium Leap: 100,000 Metric Tons To Fuel LG Chem's US Plant

Exxon Mobil Corporation (NYSE:XOM) inked a non-binding MOU for a multiyear agreement with LG Chem, a chemical company with a diversified business portfolio. According to this, ExxonMobil will supply up to 100,000 metric tons of lithium carbonate from its planned U.S. project to LG Chem’s upcoming cathode plant in Tennessee, which is set to be the largest in the U.S. LG Chem’s Tennessee cathode plant, which began construction in December 2023, is projected to produce 60,000 tons annually. The fac