Livent Corporation

LTHM

Market cap $2.97B

In the latest trading session, Livent (LTHM) closed at $18.05, marking a +0.39% move from the previous day.

The 2023 stock-market rally has been led by the “Magnificent Seven” companies, which have driven an accelerating upward trend for the large-cap benchmark S&P 500. Shares of smaller and medium-sized companies have also rallied, but not as much:

As batteries are the cornerstone of EV performance and lithium is the most important metal in EV batteries, demand for the same is set to grow. Watch stocks like LTHM and LAC for potential gains.

Crisis became an opportunity for lithium stocks.  In fact, as I noted on Dec. 13 , “I'd use the temporary, excessive fear as an opportunity.

Lithium chemical spot prices and spodumene prices were lower the past month and are now below the marginal cost of production. Lithium market news - China Futures Co. analyst, Zhang Weixin, forecasts lithium carbonate to bottom out between CNY80-90,000/t. Milei looks to cut costs for Argentina's miners in broader deregulation push. Lithium company news - SQM and Hancock enter into implementation deed with Azure Minerals. Livent and Allkem shareholders approve merger of equals, new company name to be Arcadium Lithium.

Livent (LTHM) closed at $16.44 in the latest trading session, marking a +0.92% move from the prior day.

2024 might be the year for Russell 2000 stocks. 2023 marked solid returns as the index posted a 15% jump since January but paled in comparison to the S&P 500's 25% gain.

BRISBANE, Australia, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Allkem Limited (ASX and TSX: AKE, “Allkem”) refers to the proposed merger of equals between Allkem and Livent Corporation (“Livent”), (“Transaction”).

NEW YORK , Dec. 19, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2: S&P SmallCap 600 constituent Livent Corp. (NYSE: LTHM) will replace NCR Voyix (NYSE: VYX) in the S&P MidCap 400, and NCR Voyix will replace Livent in the S&P SmallCap 600. Allkem Limited (ASX: AKE) is merging with Livent in a transaction expected to be completed on or about Thursday, January 4 pending final conditions.

PHILADELPHIA , Dec. 19, 2023 /PRNewswire/ -- Livent Corporation (NYSE: LTHM, "Livent") and Allkem Limited (ASX|TSX: AKE, "Allkem") announced that they have obtained all requisite shareholder approvals necessary to complete the merger of equals transaction previously announced on May 10, 2023.  The two companies expect to close the merger on January 4, 2024 and begin operating under the name Arcadium Lithium plc (NYSE:ALTM) (ASX:LTM).