Summary
- Livent is one of the few large lithium pure plays prepared for the coming lithium boom.
- Livent’s relationship with Tesla will likely be vital for the company moving forward.
- Low lithium prices will likely continue to plague Livent for the near term.
Livent has seen its shares skyrocket over the past few months largely as a result of the EV boom. Tesla’s success, in particular, is having an outsized impact on Livent given its expanding partnership with Tesla. Despite the near-term challenges facing the lithium industry, Livent is set up well for long-term success.
Livent further set up the groundwork for high future demand during Q3. During the quarter, the company agreed to invest in New Nemaska and extend its hydroxide supply partnership with Tesla. The New Nemaska project, in particular, will help Livent grow its presence in the North American and European markets by supplying the company with high-grade lithium chemicals.
