ExxonMobil expects its first lithium production in 2027. By 2030, it aims to produce enough to meet the manufacturing needs of well over a million EVs annually.
Supply is tight because one refinery shut down after an explosion and others are doing seasonal maintenance. Plus, the eco-friendly summer blend is costlier.
‘If the government is serious about unlocking Australia’s vast critical mineral deposits ... we need to get the fundamentals right first,’ said the MCA.