Brief: Livent CEO: Company No Longer Has Fixed-Price Lithium Sales Contracts

Allkem

31/10/2023 21:27

Oct 31 (Reuters) - Livent  LTHM.N :
    * DROP IN CHINESE LITHIUM PRICES IN Q3 OFFSET BY COST CUTS
    * CONFIDENT CAN STILL INTERNALLY FUND EXPANSION PROJECTS
    * CEO PAUL GRAVES: DID NOT SEE Q3 LITHIUM DEMAND AT LEVELS
CONSISTENT WITH STRONG GLOBAL EV DEMAND
    * CEO: GLOBAL EV SUPPLY CHAIN WORKING THROUGH INVENTORIES
BUILT AT
END OF 2022 AND BEGINNING OF 2023
    * CEO: EXPECTS TO SEE 'RAPID INCREASE' IN PRICE OF BATTERY
MATERIALS WHEN RESTOCKING RESUMES
    * CEO: NO SIGNS OF ANY PULLBACK IN ENERGY STORAGE MARKET
DEMAND
FOR LITHIUM
    * CEO: ARGENTINA EXPANSION PROJECT BEING DELAYED BY
STRUGGLES
SECURING TALENT, REPLACEMENT PARTS
    * CEO: NEMASKA LITHIUM PROJECTS IN QUEBEC REMAINS 'VERY
ATTRACTIVE' GIVEN LOCATION, COST POSITION, ACCESS TO HYDROPOWER
    * CEO: CHINESE AND AMERICAN EXPANSION PROJECTS PROCEEDING AS
PREVIOUSLY EXPECTED
    * CEO: MARKET DATA SUGGESTS CHINESE LEPIDOLITE LITHIUM
PRODUCTION
IS DROPPING
    * CEO: 'ABSOLUTELY' WOULD LOOK AT BUYING JUNIOR LITHIUM
MINER IN
AUSTRALIA AFTER ALLKEM  AKE.AX  MERGER CLOSES
    * CEO: LIKELY WOULD GET 'PRETTY AGGRESSIVE' ACQUIRING ASSETS
IN
AUSTRALIA AFTER ALLKEM  AKE.AX  MERGER CLOSES
    * CEO: COMPANY NO LONGER HAS FIXED-PRICE LITHIUM SALES
CONTRACTS

Source text for Eikon:  ID: 
Further company coverage:  LTHM.N 

 (Reporting By Ernest Scheyder)
 ((ernest.scheyder@thomsonreuters.com;))