: Exxon Mobil moving into lithium production business for electric-vehicle batteries

Exxon Mobil Corp. XOM 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 said it’s planning to be a “a leading producer of lithium” but it did not provide any projected sales figures for the business. Exxon Mobil plans to produce enough lithium to supply the manufacturing needs of more than one million EVs per year by 2030. Dan Ammann, president of ExxonMobil...