Welcome to our dedicated page for ARCADIUM LITHIUM PLC news (Ticker: ALTM), a resource for investors and traders seeking the latest updates and insights on ARCADIUM LITHIUM PLC stock.
The Arcadium Lithium plc (ALTM) news feed on Stock Titan provides an archive of company announcements and market updates from a former standalone lithium chemicals producer that has since been acquired by Rio Tinto. These releases document how Arcadium Lithium described its business, its role in the lithium supply chain and the steps leading to its acquisition.
In its news, Arcadium Lithium presents itself as a global lithium chemicals producer focused on safely and responsibly harnessing lithium to support renewable energy, electric transportation and modern life. The company highlights its vertically integrated capabilities across hard-rock mining, conventional brine extraction, direct lithium extraction (DLE) and lithium chemicals manufacturing for high performance applications. It also notes that it has operations and projects in Argentina, Australia, Canada, China, Japan, the United Kingdom and the United States.
Investors reviewing ALTM news can follow several key themes. Earnings releases provide detail on revenue and volumes for lithium hydroxide and lithium carbonate, butyllithium and other lithium specialties, and spodumene concentrate. Transaction-related updates trace the progression of the all-cash acquisition by Rio Tinto, including shareholder approvals, regulatory clearances in multiple jurisdictions and court proceedings in Jersey. A Rio Tinto announcement confirms completion of the acquisition, explains that Arcadium Lithium will become Rio Tinto Lithium and notes that Arcadium Lithium’s shares and CHESS Depositary Receipts will be delisted from the NYSE and ASX.
This historical news archive helps readers understand how Arcadium Lithium positioned itself in the lithium market, how its financial performance evolved over time and how the acquisition by Rio Tinto and related index changes, such as its deletion from the S&P MidCap 400, were communicated to the market.
Arcadium Lithium (NYSE: ALTM, ASX: LTM) has announced the release date for its second quarter 2024 earnings results. The results will be published on August 6, 2024, after the market closes, via PR Newswire and the company's investor relations website. Following the release, the company will host a webcast conference call at 5:00 p.m. ET the same day (7:00 a.m. AEST on August 7, 2024). The webcast will be accessible to the public online, and a replay will be available on the company's investor relations website.
On May 16, 2024, Arcadium Lithium announced that CEO Paul Graves will speak at two significant upcoming conferences: TD Cowen's Annual Sustainability Week and the Evercore ISI Global Clean Energy & Transition Technologies Summit. The first event will take place virtually on May 23 at 1:45 p.m. ET, while the second one will be on June 12 at 1:00 p.m. ET in New York City, with both sessions available for live streaming and replay on the company's website. These appearances highlight Arcadium Lithium's focus on sustainability and clean energy technologies.
Arcadium Lithium reported solid first-quarter results driven by strong average realized pricing for lithium hydroxide and carbonate, aiming to achieve significant cost savings in 2024. The company's revenue was $261 million with a GAAP net income of $15.6 million. Despite a decline in volumes, the company remains on track for capacity expansions to reach 170,000 LCEs by 2026. Arcadium Lithium is investing in further expansions and expects a 40% increase in sales volumes for the full year.
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