November 21, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid something of a market glut for lithium, Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) on Wednesday said it signed a preliminary deal to deliver lithium carbonate to an LG Chem (Seoul, South Korea) battery plant in Tennessee.

ExxonMobil and LG Chem signed a non-binding memorandum of understanding (MOU) for the multi-year offtake of as much as 100,000 metric tons of lithium carbonate.