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Exxon Mobil Plans Lithium Production Plant in Southern Arkansas

Oil and Gas Giant Expects To Produce Enough Lithium To Make 1 Million Electric Vehicles Yearly by 2030
Exxon Mobil is looking to develop a lithium production facility near Magnolia, Arkansas. (Getty Images)
Exxon Mobil is looking to develop a lithium production facility near Magnolia, Arkansas. (Getty Images)
CoStar News
November 13, 2023 | 9:33 P.M.

Exxon Mobil plans to develop a lithium extraction facility in southwest Arkansas that could generate enough lithium to power 1 million electric vehicles annually.

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