Livent Corporation

LTHM

Market cap $2.97B

Vancouver, British Columbia--(Newsfile Corp. - January 29, 2024) - Luna Lithium Ltd. ("Luna Lithium" or the "Company") is pleased to announce the appointment of Erez Ichilov to the Board of Directors.

Livent and Allkem have now merged into a new top lithium company: Arcadium Lithium. On their own, Livent and Allkem were highly profitable.

Lithium has become a hot commodity with the growing adoption of electric vehicles (EVs). While EV sales may have seen a slowdown, the future will be all about EVs.

Combination Creates a Leading Global Integrated Lithium Chemicals Producer Key Strengths Leading global lithium chemicals producer with the resources, scale and expertise to meet growing customer and industry needs − reliably, safely and responsibly. Premier lithium resources and manufacturing sites in key locations globally across the lithium value chain.

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.