Exxon Mobil (XOM) and LG Chem have signed a non-binding memorandum of understanding, or MOU, for a multiyear offtake agreement for up to

Exxon Mobil and LG Chem have agreed a multiyear contract for up to 100,000 metric tons of lithium carbonate. The energy company and chemical company LG signed a non-binding memorandum of understanding for the lithium carbonate.

Exxon Mobil Corporation (NYSE: XOM) and LG Chem have signed a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from ExxonMobil’s planned project in the U.