American oil and gas companies are escalating operations to extract brine, an underground solution that is used a source of lithium, the metal used for electric vehicle rechargeable batteries.
Earlier this year, Exxon Mobil CEO Darren Woods said the company is “actively exploring” options for lithium mining and U.S. oil giant Chevron is also exploring the lithium route, according to Bloomberg news.
Another report from Energy Wire, cobalt and graphite lithium and nickel demand is skyrocketing as production of EVs increase.