Allkem, Livent merge to form Arcadium Lithium

Allkem, Livent merge to form Arcadium Lithium

Allkem, Livent merge to form Arcadium Lithium 811 456 Energy Storage Journal

January 11, 2024: Allkem and Livent said on January 4 they had finalized their merger to become Arcadium Lithium.

The companies’ shareholders voted last month in favour of the merger to form the lithium chemicals production group.

Combined total revenue of the firms in 2022 was around $1.9 billion with a total workforce of more than 2,600.

Livent has been a key player in lithium extraction and purification technology.

Allkem’s portfolio — now part of Arcadium — includes its majority-owned flagship brine-based lithium facility, based in Northern Argentina, which supplies high-quality lithium chemicals worldwide.

Arcadium CEO Paul Graves, previously CEO of Livent, said the merged company is trading on the New York Stock Exchange and is a leader in every major lithium extraction process, from hard rock mining to conventional pond and direct lithium extraction-based brine processing.

YOU MIGHT ALSO LIKE