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US energy major Exxon Mobil said on Tuesday it had signed a non-binding agreement to supply lithium from its proposed Arkansas project to South Korean EV battery maker SK On.
The agreement has the potential to be a multi-year offtake deal of up to 100,000 metric tons, the company said.SK On, a unit of SK Innovation, intends to use the lithium for making EV batteries in the US. The company, which supplies to Volkswagen and Ford Motor, operates two facilities for making batteries in Georgia. It is building four more plants jointly with automakers.
“Through this partnership with ExxonMobil, we will continue strengthening battery supply chains in the US,” said Park Jong-jin, executive vice president of strategic procurement at SK On.Lilac Solutions releases lithium extraction data amid rising competition Lilac plans to use the latest version of its DLE technology at Utah's Great Salt Lake, where a pilot plant should be online by October.The nodules are said to contain 610,000 tonnes of cobalt and 740,000 tonnes of nickel .
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