Exxon Mobil moving into lithium production for electric-vehicle batteries

Exxon Mobil Corp. said Monday it plans to begin producing lithium for electric-vehicle batteries by 2027 from a mining operation in southwest Arkansas under the brand Mobil Lithium.

The oil and gas giant XOM said it’s planning to be a “a leading producer of lithium” but did not provide any projected sales figures for the business.

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