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) announced a public offering of 12,500,000 shares of its common stock, with a 30-day option for underwriters to purchase an additional 1,875,000 shares. The proceeds will primarily fund lithium capacity expansion and repay debts. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are the joint book-running managers for this offering. Livent aims to strengthen its position in the lithium market and support growth in response to the increasing demand for electric vehicles and green energy.
Livent Corporation (NYSE: LTHM) announced that CEO Paul Graves will speak at the Goldman Sachs Industrials & Materials Conference on May 13, 2021, at 1:50 p.m. EDT. The conference will be held virtually, and live access will be available on the Livent Investor Relations website. A replay of the event will also be accessible later. Livent is recognized for its sustainable lithium production, catering to various industries, including green energy and modern mobility. For more details, visit Livent.com.
Livent Corporation (NYSE: LTHM) reported a revenue of $91.7 million for Q1 2021, a 12% increase from Q4 2020, despite a GAAP net loss of $0.8 million. Adjusted EBITDA surged to $11.1 million, up 98% quarter-over-quarter, with adjusted EPS at 2 cents. The company has resumed its expansion projects in Argentina and the U.S. and anticipates 2021 performance at the higher end of guidance, targeting revenue between $335 million to $365 million. Livent plans a total capital expenditure of $125 million for expansion activities.
Livent Corporation (NYSE: LTHM) announced the release date for its first quarter 2021 earnings on May 3, 2021, after market close. A webcast conference call will follow at 5:00 p.m. ET on the same day, open to the public. The earnings report will be accessible via Livent's website and PR Newswire. A replay of the conference call will be available until May 17, 2021. Livent specializes in producing high-quality finished lithium compounds, supporting demands in the green energy sector.
Livent Corporation (NYSE: LTHM) reported a fourth-quarter revenue of $82.2 million, marking a 13% sequential increase due to higher sales volumes and improved pricing. Despite a GAAP net loss of $5 million for the quarter, adjustments showed positive trends with an Adjusted EBITDA of $5.6 million. The company announced a multi-year supply agreement with BMW Group for lithium products, aiming to support electric vehicle production. Livent anticipates full-year 2021 revenue between $335 million and $365 million, driven by market growth and reduced costs.
Livent Corporation (NYSE: LTHM) will release its fourth quarter 2020 earnings on February 18, 2021, after market close, via PR Newswire. Following this, the company will host a webcast conference call at 5:00 p.m. ET on the same day, accessible to the public. A replay will be available until March 4, 2021. Livent has developed a strong reputation in producing high-quality lithium compounds, supporting the green energy sector and modern mobility.
Livent Corporation (NYSE: LTHM) has announced that its 2021 Annual Meeting of Stockholders will take place via live webcast on April 29, 2021, at 2:00 p.m. E.T. Instructions to access the webcast will be provided on the company's Investor Relations website. Livent emphasizes its commitment to safely and sustainably utilize lithium, boasting a broad product portfolio that caters to the growing demand for lithium in various sectors, including green energy and modern mobility. The company operates globally with manufacturing facilities in multiple countries.
Livent Corporation (NYSE: LTHM) reported Q3 2020 revenue of $72.6 million with a GAAP net loss of $11.8 million or 8 cents per diluted share. Adjusted EBITDA was $0.9 million. Despite higher lithium hydroxide volumes, costs surged due to third-party carbonate usage and COVID-19 disruptions. Livent announced its court-approved acquisition of New Nemaska in partnership with The Pallinghurst Group, enhancing its lithium supply capabilities. Additionally, it extended its lithium hydroxide supply agreement with Tesla into 2021. The company aims for carbon neutrality by 2040.
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