LAS VEGAS, June 25 (Reuters) - Exxon Mobil ( XOM ) has
no plans to expand into hard rock lithium mining and will stay
focused on ways to extract the electric vehicle battery metal
from salty brines found throughout the world, an executive said
on Monday.
"We are focused on our core competencies, which is
subsurface fluids," Patrick Howarth, head of Exxon's lithium
business, told the Fastmarkets Lithium Supply and Battery Raw
Materials Conference in Las Vegas.
The company is deciding which direct lithium extraction
(DLE) technology it will license to produce lithium in Arkansas
and does not plan to create its own. "We don't believe it's
expeditious for us to develop our own DLE technology," he said.