Arcadium Lithium: A Leading Global Lithium Chemicals Producer (ASX:LTM)
Arcadium Lithium is a recently formed company, born from the December 2023 merger of Allkem Limited (ASX:AKE) and Livent Corporation (NYSE:LTHM).
This makes it a major player in the global lithium chemicals market, with a rich heritage and extensive capabilities.
Here's a quick rundown of what you need to know about Arcadium Lithium:
About the company:
Leading producer: It's a global leader in producing lithium chemicals, essential for lithium-ion batteries used in electric vehicles, electronics, and more.
Vertically integrated: They handle the entire process, from resource extraction to chemical manufacturing, across strategic locations worldwide.
Expertise in various processes: They utilize different methods like hard rock mining, conventional pond processing, and DLE for brine processing, giving them versatility.
Headquartered in Philadelphia, USA: However, they have operations and resources spread across different continents.
Recent developments:
Share price: Although their stocks saw an initial dip after the merger, they have shown positive signs lately, currently standing at $8.44 (as of January 20, 2024).
Market outlook: Analysts are optimistic about the lithium market, predicting a recovery in prices throughout 2024, which could benefit Arcadium.
Future goals: They aim to capitalize on the growing demand for lithium, focusing on sustainability and innovation in their operations.
Additional resources:
Official website:
https://arcadiumlithium.com/
ASX share price:
https://markets.ft.com/data/equities...ical?s=LTM:ASX