tikotiko
2年前
I love the merger of LTHM with OROCF not only because it will become the third largest lithium producer with great diversification of resources and products, but also because it is a natural full of synergies. They have brine resources next to each other in Argentina, the same in Quebec (just a bit farther), similar goals of vertical integration, and they can share expertise (LTHM in hydroxide and DLE; OROCF in spodumene, and both in carbonate). I think that the 54% OROCF 46% LTHM deal perhaps should have been 60%-40% or even a bit more favorable to OROCF, but LTHM provides great intangibles like entry to the NYSE, access to the Biden’s credits, better international commercialization and excellent expertise in hydroxide and DLE. The one thing they must do is to keep growing quickly while managing funds wisely. They need to execute efficiently in Canada, Argentina and even Australia, where they should purchase new resources for the future since Mt. Catlin may not last more than a few years. LTHM will also benefit from being less linked to China thanks to OROCF’s connection with Japan and their mutual interest to supply North America..
PS I added a similar post in the OROCF site and I own both stocks
TradingCharts
2年前
Livent warns of lithium roadblock to rollout of electric cars.
NOVEMBER 19 2022
Livent warns of lithium roadblock to rollout of electric cars
CEO says supply crunch will hit cheaper models hardest as manufacturers prioritise more profitable vehicles
“If you take those forecasts of demand or conversion of sales, then we can never expand lithium supply quickly enough to catch up,” he told the Financial Times. “We see no situation where there will be enough lithium to supply all the corners of demand.”
Graves, whose company is a supplier to Tesla, General Motors and BMW, warned that the problem meant it would take longer than policymakers expect to phase out internal combustion engine cars, and that “low-cost vehicles will be the challenge”.
https://www.ft.com/content/511e45e0-fd87-4197-b690-a03597d62768
TradingCharts
2年前
Capacity Expansion
As planned, the Company's 5,000 metric ton expansion of lithium hydroxide in Bessemer City was mechanically completed in the third quarter and is in the early stages of producing and qualifying product with customers. Livent continues to champion U.S. based lithium production and its leading domestic footprint positions the company to take advantage of incremental long-term growth opportunities available under the recently enacted Inflation Reduction Act (IRA), which amongst other features, provides incentives to invest in localized supply chains for energy storage.
The Company remains on schedule to deliver on all its announced capacity expansions. The first 10,000 metric tons expansion of lithium carbonate in Argentina is expected to be mechanically complete by year-end 2022 and in production by the first quarter of 2023. Livent is also on track to add the next 10,000 metric tons of lithium carbonate capacity in Argentina by the end of 2023. Together, this will nearly double Livent's total available LCEs (1) from 2021 levels.
https://www.prnewswire.com/news-releases/livent-releases-third-quarter-2022-results-301665303.html
TradingCharts
2年前
RIGHT OF RETURN Page 44
We warrant to our customers that our products conform
to mutually agreed product specifications. This offering is
accounted for as a right of return and the transaction price is
adjusted for an estimate of expected returns.
https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf
NOTE 6: INVESTMENTS Page 60
In the fourth quarter of 2020, Livent entered into an agreement
with The Pallinghurst Group relating to Québec Lithium Partners
(“QLP”), a joint venture owned equally by The Pallinghurst Group
and Livent, and the conduct of certain business operations and
oversight, previously conducted solely by Nemaska Lithium
Inc. for the development of a fully integrated lithium chemical
asset located in Québec, Canada that is not yet in commercial
production. QLP owns a 50% equity interest in the Nemaska
Project. The Company accounts for the investment in QLP as
an equity method investment on a one-quarter lag basis and is
included in Investments in our condensed consolidated balance
sheets. For the year ended December 31, 2021 we recorded a
$5.5 million loss related to our 50% equity interest in QLP to
Equity in net loss of unconsolidated affiliates in our consolidated
statement of operations. The carrying amount of our 50%
equity interest in QLP was $23.8 million and $21.2 million as
of December 31, 2021 and December 31, 2020, respectively.
https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf
TradingCharts
2年前
NET INCOME/(LOSS) Page 41
Net income of $0.6 million for 2021 compared to net loss of
$16.3 million for 2020 was primarily due to higher sales volumes,
higher pricing and lower Restructuring and other charges, offset by
an increase in income tax expense, COVID-19 costs to implement
safety protocols, higher logistics, raw material and other operating
costs and $5.5 million Equity in net loss of unconsolidated affiliate.
LIQUIDITY AND CAPITAL RESOURCES
Our prospective success in funding our cash needs will depend
on the strength of the lithium market and our continued ability
to generate cash from operations and raise capital from
other sources. Our primary sources of cash are currently
generated from operations and borrowings under our revolving
credit facility.
Cash and cash equivalents as of December 31, 2021 and
2020, were $113.0 million and $11.6 million, respectively. Of
the cash and cash equivalents balance as of December 31, 2021
and 2020, $26.9 million and $10.6 million was held by our
foreign subsidiaries, respectively
https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf
TradingCharts
2年前
Page 13 SEASONALITY
Our operations in Argentina are seasonally impacted by
weather, including varying evaporation rates and amounts of
rainfall during different seasons, which can be heavy at times.
These changes impact the concentration in large evaporation
ponds and can have an impact on the downstream processes
to produce lithium carbonate and lithium chloride. Heavy rainfall
can damage pond liners, lead to loss of product, and make
the ponds generally difficult to maintain. Our operations team
continuously measures pond concentrations and models how
they will change based on operating decisions. Our processes
use proprietary and traditional technologies to minimize the
variation of concentrations at the inlet to our plants. There was
an abnormally large rain event in both the first quarter of 2019
and during the last quarter of 2021. These resulted in reductions
in lithium carbonate production of approximately 1,000 MT in
2019, and approximately 500 MT in 2021.
https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf
TradingCharts
2年前
WATER
Our Argentine operations require fresh water. We have water
rights for the supply of fresh water from the Trapiche aquifer,
from which water is pumped through a battery of wells to our
facilities. We and the Catamarca province regularly monitor the
water and salinity levels of the aquifer.
We only had to temporarily suspend water extraction once, in
January 2015, due to a dispute with the Catamarca province,
and our access to our water source was quickly restored. We
also regularly evaluate supplemental supplies of fresh water.
The grant of water concessions and other water rights is subject
to local governmental approvals, the timing and availability of
which are uncertain and may be subject to delay or denial.
In October 2015, MdA entered into a water trust agreement
with the Catamarca province that was amended in 2018. Under
the amended trust agreement, MdA is obligated to pay into the
trust an amount equal to 1.2% of its annual sales (calculated
using the methodology used to determine the monthly royalty
payments described above in the “Mineral Concession Rights”
subsection to this Item 1), in lieu of any water use fees. These
payments are fully reflected in our financial statements
https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf
TradingCharts
2年前
Livent Announces Agreement to Double its Ownership Stake in Nemaska Lithium to 50 Percent
PHILADELPHIA, May 2, 2022 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced that it has agreed to double its ownership interest to 50% in Nemaska Lithium Inc. ("Nemaska"), a fully integrated lithium hydroxide development project located in Québec, Canada. Livent will issue 17,500,000 shares of its common stock to The Pallinghurst Group ("Pallinghurst") and its investors to acquire their half of Québec Lithium Partners ("QLP"). Livent already owns the other half of QLP. Following the close of the transaction, QLP will become a wholly owned subsidiary of Livent, and Livent will in turn own 50% of Nemaska through QLP. Investissement Québec ("IQ") will remain the owner of the remaining 50% interest in Nemaska
https://www.prnewswire.com/news-releases/livent-announces-agreement-to-double-its-ownership-stake-in-nemaska-lithium-to-50-percent-301537692.html
roger wilco
3年前
Livent will be looking to display strength as it nears its next earnings release, which is expected to be February 17, 2022. On that day, Livent is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 400%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $106.05 million, up 29.01% from the year-ago period.
https://finance.yahoo.com/news/livent-lthm-stock-sinks-market-231011502.html
FiveLeaf
3年前
I have several lithium stocks, not just that one. If you pick the right time to buy and sell you can make some money on lithium stocks but it's always fraught with risk. If you make the wrong guesses as to when to buy or sell you can get burned with not only LTHM, but also with such stocks as OROCF, PILBF, NTTHF, and ALB.
It's the same way with investing in electric vehicle manufacturing companies. The right guesses might triple your money or better but it's also possible to get burned when you guess wrong about timing or it turns out to be the wrong company to invest in.
roger wilco
3年前
Livent Q2 2021 Earnings Preview
Aug. 04, 2021 1:28 PM
ETLivent Corporation (LTHM)
By: Meghavi Singh, SA News Editor
Livent (NYSE:LTHM) is scheduled to announce Q2 earnings results on Thursday, August 5th, after market close.
The consensus EPS Estimate is $0.02 and the consensus Revenue Estimate is $87.79M (+35.3% Y/Y).
Over the last 2 years, LTHM has beaten EPS estimates 13% of the time and has beaten revenue estimates 50% of the time.
Over the last 3 months, EPS estimates have seen 4 upward revisions and 1 downward. Revenue estimates have seen 6 upward revisions and 1 downward.
The stock have gained 2.03% following Q1 earnings release on May.03.
For the year to date the company's shares have gained more than 5.6% in value year to date.
roger wilco
3年前
PHILADELPHIA, July 12, 2021 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced it will release its second quarter 2021 earnings on Thursday, August 5, 2021, after stock market close via PR Newswire and the company's website at: http://www.livent.com.
Livent Corporation (PRNewsfoto/Livent Corporation)
The company will subsequently host a webcast conference call on Thursday, August 5, 2021, at 5:00 p.m. ET that is open to the public via Internet broadcast and conference call.
Internet broadcast: http://www.livent.com.
Dial-in telephone numbers:
U.S. / Canada: (833) 714-0873
International: (778) 560-2630
Conference ID # 1289521
TradingCharts
4年前
PHILADELPHIA, June 9, 2021 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) ("Livent" or the "Company"), today announced that it has commenced an underwritten public offering of 12,500,000 shares of its common stock, $0.001 par value ("Common Stock"). In addition, Livent expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Common Stock.
Livent intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional shares of Common Stock, primarily for growth capital expenditures, including lithium capacity expansion, and for general corporate purposes and to repay amounts outstanding under its revolving credit facility.
https://www.prnewswire.com/news-releases/livent-announces-commencement-of-public-offering-of-common-stock-301309485.html
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