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 hold its 2022 Annual Meeting of Stockholders via live webcast on April 26, 2022, at 2:00 p.m. E.T. Detailed instructions for accessing the webcast will be available on the company's Investor Relations website. Livent, a leading lithium producer, has a diverse product portfolio aimed at supporting demand for green energy and modern mobility. The company operates globally with manufacturing sites in multiple countries, employing around 900 people.
Livent Corporation (NYSE: LTHM) announced that its CEO, Paul Graves, will address the Citi 2021 Basic Materials Conference virtually on December 1, 2021, at 1:15 p.m. ET. Interested parties can access the live event through the Livent Investor Relations website. A replay will also be available at the same link.
Livent has a long legacy in producing high-quality lithium compounds, contributing to various sectors, including green energy and modern mobility.
Livent Corporation (NYSE: LTHM) reported a 43% year-over-year revenue increase to $103.6 million in Q3 2021, driven by strong lithium demand and higher pricing. However, the company posted a GAAP net loss of $12.6 million, reflecting higher costs and logistics disruptions. Adjusted EBITDA was $14.9 million with earnings of 3 cents per diluted share. Livent remains on track for significant capacity expansions in hydroxide and carbonate production. The company raised its full-year revenue guidance to $390 - 410 million and adjusted EBITDA to $62 - 72 million, anticipating continued market strength.
Livent Corporation (NYSE: LTHM) will release its third quarter 2021 earnings on November 4, 2021, after market close. The earnings announcement will be available via PR Newswire and the company's website. A public webcast conference call is scheduled for the same day at 5:00 p.m. ET. Dial-in numbers are provided for participants. A replay will be accessible from November 4 until November 18. Livent specializes in lithium production, supporting diverse applications in green energy and mobility.
Livent Corporation (NYSE: LTHM) announced that CEO Paul Graves will present at Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference on September 8, 2021, at 1:20 p.m. ET. The event will be held virtually, and live access is available through the Livent Investor Relations website. A replay will also be accessible after the event. Livent continues to lead in lithium production, supporting the green energy sector and modern mobility with its diverse product portfolio. For further details, visit livent.com.
Livent Corporation (NYSE: LTHM) reported strong second-quarter 2021 results, with revenue of $102.2 million, marking an 11% increase from Q1 and a 57% rise year-over-year. GAAP net income was $6.5 million, or 3 cents per diluted share. The company's recent $262 million equity issuance will fund lithium capacity expansions, particularly in Argentina. Livent has raised its full-year guidance for revenue to $370-390 million and adjusted EBITDA to $55-70 million, reflecting positive lithium market conditions.
Livent Corporation (NYSE: LTHM) will release its Q2 2021 earnings on August 5, 2021, after market close. The announcement will be made via PR Newswire and the company's website. Additionally, a webcast conference call will take place at 5:00 p.m. ET on the same day, allowing public participation through internet broadcast. The call's replay will be available until August 19, 2021. Livent specializes in producing high-quality lithium compounds, supporting the growing demand for lithium across various industries.
Livent Corporation (NYSE: LTHM) has priced its public offering of 13 million shares of common stock at $17.50 per share, expecting net proceeds of approximately $219.4 million. If the underwriters fully exercise their option to purchase additional shares, proceeds could increase to $252.4 million. The offering closes on June 15, 2021, and the funds will be allocated for lithium capacity expansion, growth capital expenditures, and debt repayment. Goldman Sachs and J.P. Morgan are leading the offering.
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