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

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.

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LG Chem Ltd., South Korea's leading chemical company, said Thursday it has signed an initial agreement with U.S. energy giant Exxon Mobil Corp. to get a supply of up to 100,000 tons of lithium carbonate,

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 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.

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

Exxon Mobil signed an agreement Tuesday to supply lithium to an EV battery plant in Tennessee, deepening the oil major’s ties to the critical minerals sector. Under the deal, Exxon will supply up to 100,