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Livent Corp LTHM Stock Quote

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Livent Positioned for Long-Term Profit Growth From Low-Cost Lithium Resource as EV Adoption Grows

Business Strategy and Outlook

| Seth Goldstein, CFA |

Spun out of FMC in late 2018, Livent is a pure-play lithium producer. The company's lithium carbonate production in Argentina is among the world's lowest-cost lithium sources. As electric vehicle adoption increases, we expect high-double-digit annual growth for global lithium demand. Livent is looking to expand its Argentine brine-based lithium production capacity from 20,000 metric tons in 2020 to 100,000 metric tons on a lithium carbonate equivalent basis by 2030. The company also plans to increase its lithium hydroxide capacity from 25,000 metric tons in 2020 to at least 45,000 metric tons.

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Company Profile LTHM

Business Description

Livent is a pure-play lithium producer that was formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 50% stake in a fully integrated Canadian lithium project.

Contact
1818 Market Street
Philadelphia, PA, 19103
T +1 215 299-5900
Industry Specialty Chemicals
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 1,109

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