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Top related persons:
Arcadium - 1 Paul Graves - 1 Kroll - 1 Chile's - 1 Graves - 1 Albemarle - 1 Livent Corp - 1 Livent - 1
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JV - 1 SYDNEY - 1 Albemarle Corp - 1 Liontown Resources - 1 Hancock - 1 Livent - 1 FMC Corp - 1 Galaxy Resources - 1

Search resuls for: "Paul Graves"


3 mentions found


☆ Livent starts Australian campaign for $10.6 bln Arcadium Lithium merger
  + stars: | 2023-11-12 | by ( Scott Murdoch Melanie Burton | Scott Murdoch | Melanie Burton | ) www.reuters.com   time to read: +4 min
Livent CEO Paul Graves will take the top job at the newly minted Arcadium Lithium, if Allkem shareholders vote for the deal on Dec. 19. Merging the two companies would create the world's third-largest lithium producer by volume with assets spanning Australia, Canada and Argentina. Graves has said that one of his first priorities would be expanding Arcadium's footprint in Western Australia's world-class lithium districts. Under the deal, Allkem shareholders will get one share in the combined entity for each of their shares and the company will ultimately own 56% of the new firm. Livent shareholders will get 2.406 shares in the new firm, which will be called Arcadium Lithium, for each existing share.
Persons: Arcadium, Paul Graves, Kroll, Chile's, Graves, Albemarle, Livent Corp, Livent, Allkem, Scott Murdoch, Melanie Burton, Robert Birsel Organizations: JV, SYDNEY, Albemarle Corp, Liontown Resources, Hancock, Livent, FMC Corp, Galaxy Resources, Thomson Locations: Australia, U.S, Canada, Argentina, Western Australia, Sydney, Melbourne
☆ Australia's Allkem, Livent to merge into $10.6 bln lithium giant
  + stars: | 2023-05-10 | by ( Harish Sridharan | ) www.reuters.com   time to read: +2 min
May 10 (Reuters) - Lithium producer Allkem Ltd (AKE.AX) has agreed to merge with U.S.-based Livent Corp (LTHM.N) to create one of the world's most valuable producers of the key raw materials used in electric-vehicle batteries. The all-stock deal will create a $10.6 billion entity, the fifth-largest in the world after Albemarle Corp (ALB.N), Sociedad Quimica y Minera de Chile S.A. (SQMA.SN), Ganfeng Lithium Group (002460.SZ) and Tianqi Lithium Corp (002466.SZ). ASX-listed Allkem produces lithium carbonate from its Sal de Vida facility in Argentina, which is near Livent's Hombre Mureto lithium project. Livent, based in Philadelphia, supplies lithium products to multiple U.S. automakers, including General Motors Co (GM.N), Tesla Inc (TSLA.O) and BMW (BMWG.DE). Under the deal, Allkem shareholders will get one share in the combined entity for each of their shares and the company will ultimately own 56% of the new firm.
☆ Livent trims lithium sales and profit forecast; shares slip
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +1 min
Nov 1 (Reuters) - Lithium producer Livent Corp (LTHM.N) on Tuesday cut the top end of its 2022 earnings and sales forecast, citing inflation and other macroeconomic pressures weighing on its output of the electric vehicle battery metal. Shares fell 2.5% in after-hours trading following the news, despite Livent posting better-than-expected quarterly profit. Livent now expects 2022 sales of $815 million to $845 million, compared with a previous estimate for annual sales between $800 million to $860 million. The company also cut the top end of its adjusted profit forecast by $5 million, to $370 million. In August, Livent struck a six-year lithium supply deal worth nearly $200 million with General Motors Co (GM.N).
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