Business Strategy and Outlook| Seth Goldstein |
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.