The price of lithium may have fallen and Albemarle may consider them to be “unsustainable”, but Exxon isn’t giving up on its lithium expansion plans, Exxon’s lithium global business manager said in a Bloomberg interview. Lithium suppliers have been reining in spending and even production as a slowing of EV demand collided with new lithium mine startups.
Prices are off record 2022 highs by as much as 80%, but Exxon is insistent that its future in lithium is bright. “We’ve seen a redoubling of efforts from customers…Lithium Price Slump? Exxon Says No Problem
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