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Arcadium Lithium plc (NYSE: ALTM) delivers essential lithium compounds powering electric vehicles and renewable energy storage worldwide. This dedicated news hub provides investors and industry professionals with authoritative updates on strategic developments from the merged entity of Livent and Allkem.
Access timely reports spanning production milestones, partnership announcements, and sustainability initiatives. Our curated collection features operational updates from global facilities, financial performance disclosures, and progress reports on key projects like the Québec lithium hydroxide operation.
Key coverage areas include merger integration developments, battery-grade lithium production capacity changes, and environmental stewardship achievements. Track updates on supply agreements with automotive leaders and innovations in extraction technologies across hard-rock and brine operations.
Bookmark this page for verified updates on critical lithium market developments directly affecting Arcadium Lithium's position as a vertically integrated industry leader. Check regularly for objective reporting on production scaling efforts and sustainable resource management practices.
Sakuu Corporation, a leader in additive manufacturing and solid-state battery technology, has announced positive results from tests of a new printable lithium formulation developed by Livent Corporation (NYSE: LTHM). This partnership focuses on the use of Livent's proprietary LIOVIX® lithium formulation in Sakuu’s innovative 3D battery printing process. Recent achievements include the successful printing of high-performance patterned batteries that incorporate Livent's technology, positioning Sakuu to revolutionize battery manufacturing. The collaboration aims to enhance battery performance and safety through advanced 3D printing capabilities and innovative materials, with the potential to impact various industries significantly.
Livent Corporation (NYSE: LTHM) will release its first quarter 2023 earnings on May 2, 2023, after the market closes. The announcement will be accessible via PR Newswire and the company's website.
A webcast conference call is scheduled for the same day at 4:30 p.m. ET, allowing public access through an internet broadcast. The replay will be available until May 16, 2023.
Livent emphasizes its position as a key player in the lithium market, with a workforce comprising approximately 1,350 employees globally, including operations in the U.S., England, China, and Argentina.
The demand for lithium is expected to surge due to increasing energy storage needs driven by urbanization and industrialization. Advances in mining technology, such as direct extraction methods, enhance the efficiency and sustainability of lithium production. According to Fortune Business Insights, the global lithium mining market is projected to reach $516.22 million by 2028, growing at a CAGR of 6%. Major countries involved in lithium production include the US, Canada, Australia, and Chile, with Australia holding the largest market share. Active mining stocks include Livent Corporation (NYSE: LTHM), American Lithium Corp. (NASDAQ: AMLI), and Piedmont Lithium Inc. (NASDAQ: PLL). Recent developments highlight the potential for increased lithium resources and production capacity across North America, reinforcing the importance of lithium in the electric vehicle and battery sectors.
South America seeks to establish a 'Lithium OPEC' involving Argentina, Chile, Bolivia, and Brazil to enhance control over lithium resources, similar to OPEC's influence on oil markets. The region possesses over 60% of the world's lithium resources, driving significant investment in mining operations. Key players in this space include Livent Corporation (NYSE:LTHM), Allkem Limited (OTC:OROCF), Lithium South Development Corporation, and Rio Tinto Group (NYSE:RIO). Livent reported a strong performance in 2022, with increased profitability expected in 2023, while Allkem achieved record revenue of $296 million in H1 2023, reflecting robust lithium demand.
Livent Corporation (NYSE: LTHM) announced that its CEO, Paul Graves, will present at the BMO Global Metals, Mining & Critical Minerals Conference on February 27, 2023, at 4:30 p.m. ET. The event will be accessible live on the Livent Investor Relations website. A replay will be available for three months post-event. Livent has been a leader in producing high-quality lithium compounds for nearly eight decades, supporting the growing demand for lithium in green energy and specialized sectors. The company operates manufacturing sites in the U.S., England, China, and Argentina, employing approximately 1,350 people.
Livent Corporation (NYSE: LTHM) reported a strong financial performance for Q4 and full year 2022, with Q4 revenue at $219.4 million, up 79% year-over-year. Full year revenue reached $813.2 million, nearly double from 2021, while GAAP net income was $273.5 million, or $1.36 per diluted share. Livent expects a 30% revenue increase in 2023, projecting $1,000-$1,100 million and $510-$580 million in Adjusted EBITDA, uplifted by capacity expansions and increased demand. The company is advancing capacity expansions in Argentina and the U.S., aiming for a doubling of lithium carbonate capacity to about 40,000 metric tons by year-end 2023.
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