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Arkansas is emerging as a key player in U.S. lithium production, with major investments from companies like Exxon Mobil, Albemarle and Standard Lithium. The state’s lithium-rich brine in the Smackover Formation holds the potential to power millions of EVs and reshape energy storage. But, challenges like volatile lithium prices and unproven direct lithium extraction (DLE) technology could impact its growth. CNBC visited Magnolia and El Dorado, Arkansas to explore why the state is emerging as a key player in the lithium market and to examine the economic, technological, and strategic impacts of its extraction initiatives.
Chapters:
02:32 Title card - Why all eyes are on Arkansas’ lithium
02:39 Chapter 1 - Lithium in Arkansas
06:20 Chapter 2 - Direct Lithium Extraction
09:04 Chapter 3 - Challenges
Produced and Edited by: Lisa Setyon
Supervising Producer: Jeniece Pettitt
Narration: Katie Tarasov
Field Production and Camera: Matthew Spriggs and Jordan Wyatt
Animation: Mallory Brangan
Additional Footage: Standard Lithium, Albemarle, Exxon Mobil, Getty Images
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2024/09/11
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