Welcome to our dedicated page for Arcadium Lithium plc news (Ticker: LTHM), a resource for investors and traders seeking the latest updates and insights on Arcadium Lithium plc stock.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) stands as a pioneering entity in the global lithium industry, dedicated to harnessing the potential of lithium for a cleaner, more sustainable future. The company emerged from the merger between Livent Corporation and Allkem Limited, combining their strengths to form a leading global lithium chemicals producer.
Headquartered in Shannon, Ireland, Arcadium Lithium operates across multiple continents, including Argentina, Australia, Canada, China, Japan, the United Kingdom, and the United States. The company's vertical integration allows it to excel in various lithium extraction processes such as hard-rock mining, conventional brine extraction, and direct lithium extraction (DLE). This diversified approach ensures a robust supply chain for producing high-performance lithium chemicals.
Arcadium Lithium's core business revolves around the production and supply of lithium compounds, which are essential for a range of applications. These applications include electric vehicle batteries, renewable energy storage solutions, and advanced polymers used in various industries like aerospace and consumer electronics. The company is committed to safe and sustainable practices, ensuring that its operations contribute positively to the environment.
Recent achievements of Arcadium Lithium include the successful merger of equals between Livent and Allkem, which has created a more scalable and diversified entity. This merger is expected to enhance the company's ability to meet the growing global demand for lithium, driven by the shift towards electric mobility and renewable energy. The combined expertise and resource base of both companies position Arcadium Lithium as a formidable player in the lithium market.
Current projects include the Nemaska Lithium project in Québec, Canada, which is set to produce lithium hydroxide by 2026. This project is backed by significant investment and strategic partnerships, including an agreement with Ford Motor Company for the supply of lithium hydroxide. Additionally, Arcadium Lithium is expanding its production capacity with new facilities in the U.S. and China, expected to add significant volumes to its output by 2024.
Financially, the company has shown robust performance, with consistent revenue growth and strong profitability metrics. In the third quarter of 2023, Arcadium Lithium reported a revenue of $211.4 million and a GAAP net income of $87.4 million. Despite facing higher operational costs, the company managed to maintain strong financial health, supported by solid demand from its customers.
Arcadium Lithium is also deeply committed to sustainability, as highlighted in its 2022 Sustainability Report. The company focuses on responsible production, environmental stewardship, and social responsibility. Key initiatives include reducing greenhouse gas emissions, enhancing water and biodiversity conservation, and adhering to leading disclosure frameworks for transparency.
In summary, Arcadium Lithium plc is a key player in the global lithium market, driving innovation and sustainability in the production of lithium chemicals. With its comprehensive approach to extraction, strong financial performance, and commitment to a greener future, Arcadium Lithium is well-positioned to lead the industry in the years to come.
Livent Corporation (NYSE: LTHM) will release its fourth quarter 2022 earnings on February 14, 2023, after the market closes. The announcement will be made via PR Newswire and the company website. A webcast conference call is scheduled for the same day at 4:30 p.m. ET, allowing public participation through an Internet broadcast. Dial-in access will also be available for interested parties. A replay of the call can be accessed until February 28, 2023. Livent focuses on producing high-quality lithium compounds, with operations in the U.S., England, China, and Argentina.
Livent Corporation (NYSE: LTHM) has announced that its 2023 Annual Meeting of Stockholders will be held via live webcast on April 25, 2023, at 2:00 p.m. E.T. Instructions for accessing the webcast will be available on the company's Investor Relations website. With nearly eight decades of experience, Livent focuses on producing high-quality lithium compounds to meet the growing demand for lithium in various sectors, including green energy and modern mobility. The company operates in the U.S., England, China, and Argentina.
Livent Corporation (NYSE: LTHM) and Nanyang Technological University (NTU Singapore) announced a research collaboration on November 29, 2022. This partnership aims to enhance sustainable lithium battery technologies, led by Professor Madhavi Srinivasan. Livent's Chief Commercial Officer, Walter Czarnecki, emphasized the importance of expanding R&D partnerships to innovate battery solutions. Professor Srinivasan highlighted NTU's commitment to commercializing research for impactful outcomes, fostering sustainability in lithium-ion batteries used in electric vehicles and portable devices globally.
Livent Corporation (NYSE: LTHM) will have CFO Gilberto Antoniazzi speaking at Deutsche Bank's 7th Annual Lithium and Battery Supply Chain Conference on December 7, 2022, at 8:50 a.m. ET. The event will be accessible live via the Livent Investor Relations website. A replay will be available for 30 days post-event. Livent is known for its sustainable lithium production, serving various sectors including green energy and modern mobility.
Livent Corporation (NYSE: LTHM) has inaugurated a significant expansion at its lithium hydroxide production facility in Bessemer City, North Carolina. This expansion increases capacity by 50%, aligning with the rising demand for EV battery materials in the U.S. The company aims to leverage opportunities from the Inflation Reduction Act, promoting local production of lithium. This marks the first new lithium hydroxide facility in North America in over a decade, with local officials emphasizing the positive impact on jobs and the community.
Livent Corporation (NYSE: LTHM) reported a strong third quarter in 2022 with revenue of $231.6 million, marking a 124% year-on-year increase. The company achieved a GAAP net income of $77.6 million, up 29% from the previous quarter, and adjusted EBITDA reached $110.8 million, a 17% sequential growth. The firm is on track with its capacity expansions, including a 5,000 metric ton increase in Bessemer City and plans for additional capacity in Argentina and China. Livent revised its 2022 revenue guidance to $815 million to $845 million, reflecting an optimistic outlook.
Livent Corporation (NYSE: LTHM) has announced its upcoming third quarter 2022 earnings release on November 1, 2022, post-market close. The earnings report will be available via PR Newswire and the company's website. A subsequent webcast conference call is scheduled for the same day at 4:30 p.m. ET, accessible to the public via internet broadcast and phone. A replay of the call will be available until November 15, 2022. Livent specializes in high-quality lithium compounds, essential for green energy and modern mobility.
Livent Corporation (NYSE: LTHM) announced that CFO Gilberto Antoniazzi will speak at Cowen's 15th Annual Global Transportation & Sustainable Mobility Conference on September 7, 2022, at 1:40 p.m. ET. This virtual event highlights Livent's commitment to sustainable lithium production, meeting the rising demand for green energy and modern mobility solutions. Investors can access the live event on Livent's Investor Relations website. A replay will be available for 90 days following the conference.
Livent Corporation (NYSE: LTHM) reported robust second-quarter results for 2022, with revenue reaching $218.7 million, up 52% from Q1 and 114% year-over-year. GAAP net income was $60.0 million, a 13% increase from the previous quarter. Adjusted EBITDA soared to $95.0 million, marking a 78% quarter-over-quarter rise. A long-term supply agreement with General Motors, worth $198 million, secures lithium hydroxide delivery from 2025. Livent also raised its 2022 guidance, projecting revenue between $800 million and $860 million, and adjusted EBITDA of $325 million to $375 million.
Livent and General Motors have announced a significant long-term agreement for Livent to supply battery-grade lithium hydroxide for GM's electric vehicles, made from lithium primarily sourced from South America. This multi-year contract, starting in 2025, aims to transition 100% of lithium hydroxide processing for GM to North America, supporting GM's goal of producing 1 million EVs by the end of 2025. Both companies emphasize their commitment to responsible sourcing and sustainability, with Livent also focusing on expanding its North American capabilities.
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