Exxon Mobil Expands Its Horizons by Partnering with LG Chem for Lithium Supply

In a significant move illustrating the growing convergence of traditional fossil fuel companies and renewable energy sectors, Exxon Mobil Corp. has entered into a partnership to supply lithium, a key material for battery production, to LG Chem Ltd., one of the leading battery manufacturers in the world. This agreement underscores Exxon's strategic shift as it diversifies its portfolio to embrace the world’s burgeoning electric vehicle (EV) market.

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