Brian McCowan, Zondits staff, 11/30/2023 With the purchase of a 120,000-acre site in Arkansas that sits above the giant Smackover Formation, a huge limestone aquifer spanning 600 miles across several states from Texas to Florida, Exxon Mobil (Exxon) plans to become a major U.S. supplier of lithium. Lithium is a critical element in modern rechargeable … Read more
Matt Montalbano, Zondits staff, 5/12/2022 Electrification in the transportation sector will be driven by batteries. And for the foreseeable future, specifically lithium-ion batteries. With the demand for electric vehicles (EV) around the world on the rise, producers will look to increase lithium extraction to meet the market needs. According to a World Bank Group report, … Read more
Race for renewable energy technologies charges lithium market Business News Network, May 7, 2016 Global adoption of new transportation technologies and electronics are powering massive growth in lithium-ion battery sales. Google has recently announced a partnership with Fiat Chrysler to develop a self-driving hybrid minivan. Uber, Apple, BMW, Audi, Ford and Mercedes-Benz are also moving … Read more