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ExxonMobil is in negotiations with Tesla, Ford, and Volkswagen regarding the supply of lithium.

发布时间:2023-08-07 21:13:40 来源: 德国森泉蓄电池
ExxonMobil is in negotiations with Tesla, Ford, and Volkswagen regarding the supply of lithium.



According to insiders, ExxonMobil is in talks with Tesla, Ford, Volkswagen, and other automakers to supply lithium to it, as the oil giant is committed to building a business around key battery metals.



ExxonMobil is one of several oil and gas companies seeking to expand lithium production to take advantage of the surge in demand for electric vehicle batteries and as a way to diversify beyond fossil fuels. Negotiations with potential customers are still in the early stages, and the company has not yet developed a potential lithium business plan. However, these discussions are the latest signs of ExxonMobil's increasing interest in its lithium business.



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According to insiders, the company has also had conversations with battery giants Samsung and SK On Co. Due to the fact that the information belongs to private information, anonymity is required. ExxonMobil, SK On, and Volkswagen declined to comment. Tesla, Ford, and Samsung did not respond to requests for comment.



The rapid promotion of electric vehicles globally has increased the bottleneck and shortage risk of key battery materials such as lithium, triggering a wave of investment and supply assurance. Researcher Benchmark Mineral Intelligence stated that the world will need nearly 60 new lithium mines and factories to meet the growing demand to rid itself of fossil fuels, and the amount of lithium needed by 2030 will exceed the amount extracted between 2015 and 2022.



Chevron, Western Petroleum, and SLB, the world's largest oil service provider, have all stated that they are considering or actively exploring opportunities for this metal. The automaker itself has also been investing funds - General Motors announced earlier this year that it would invest $650 million in a lithium developer.



ExxonMobil has set a target of extracting 100000 tons of lithium annually and is exploring a 10 acre site in Arkansas. It has recently started drilling exploration wells there, but has not yet decided whether to produce it on its own or in collaboration with other companies, according to a person familiar with the matter.



According to insiders, Albemarle Corp. is one of the lithium producers that ExxonMobil is currently discussing.



The chemical company stated in a statement:



Given Albemarle's leadership position in the market, people often want to talk to us, especially when looking for potential resources.



After Bloomberg reported this news, Yabao's stock price rose 3.7% at one point, marking its largest intraday gain in more than three weeks, before taking back some of its gains. ExxonMobil's stock price rose 3% after opening.



ExxonMobil touts the "natural synergy" between lithium extraction and the company's expertise in oil and gas production. The company stated that it is exploring the extraction of lithium from underground brine, which is cheaper and more environmentally friendly than traditional mining.



CEO Darren Woods stated in a company earnings conference call with analysts last week that handling:



Salt water and lithium extraction are very consistent with many of the things we do in refineries and chemical plants, as well as in some of our upstream businesses.

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