LG Chem Ltd, the chemicals unit of South Korea’s LG Group, announced this week it had signed an agreement with Exxon Mobil Corporation of the US to source up to 100,000 tons of lithium carbonate for use in electric vehicle (EV) batteries. Under the non ...

LG Chem signed an initial agreement with Exxon Mobil to receive a supply of up to 100,000 tons of lithium carbonate, a key material for creating cathodes for batteries.

ExxonMobil and LG Chem just announced a big move that could be a game-changer for US electric vehicle manufacturers.

Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal with battery parts maker LG Chem , the oil giant's second agreement to supply the electric vehicle battery metal from its proposed Arkansas project.

Exxon Mobil Corp. has signed a preliminary agreement to provide battery metal lithium to an LG Chem Ltd. plant in the US, strengthening the oil major’s role in the domestic critical minerals supply chain.

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,

LG Chem has forged a deal with US energy giant ExxonMobil to secure up to 100,000 metric tons of lithium, a key material for cathodes used in electric vehicle batteries. According to the company, LG Chem Vice Chairman and CEO Shin Hak-cheol and ExxonMobil Senior Vice President Dan Holton signed a memorandum of understanding on Wednesday in Seoul.

Lithium carbonate will be provided by ExxonMobil's planned project in the US to LG Chem's cathode plant in Tennessee.

Exxon Mobil and LG Chem sign a non-binding multiyear supply contract for up to 100K metric tons of lithium carbonate sourced from a planned project in Arkansas.