Lithium is among the most important elements in the new global economy. Its importance, meanwhile, will be greatly elevated as the world moves more and more toward electric vehicles, which require a considerable amount of the stuff to function.
So I think you can understand why Magnolia, Arkansas — once a locus of heavy oil drilling activity — is feeling pretty excited right about now:
Tweet Loading… These days, companies in the area [of Magnolia] aren’t looking to find more oil — they are instead prospecting for lithium, a metal that is increasingly prized around the world as an essential ingredient in electric-vehicle batteries.
If the U.S. is to ease its dependence for lithium on other countries such as China, it may need this quiet corner of southwest Arkansas to lead the way. That would certainly be good for business! Exxon, for one, is reportedly planning to build “one of the world’s […]
Read the Whole Article From the Source: notthebee.com
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