|Bid||7.21 x 1000|
|Ask||7.23 x 2200|
|Day's Range||7.18 - 7.44|
|52 Week Range||5.49 - 19.90|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||11.48|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Livent issued an in-line second-quarter report Aug. 6, but during the conference call, the company discussed an acceleration in lithium hydroxide orders, Byrne said in a Monday downgrade note. A more appropriate estimate for the size of the market in 2019 is 45-70kmt, Byrne said, adding that the industry could struggle to absorb another 50-60kmt of new supply coming online in 2020.
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Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive said Tuesday in an interview. Philadelphia-based Livent has struggled in recent months to retain some customers and offset gyrations in the price of lithium it produces. While the company's lithium is used in Tesla Inc vehicles, Livent has not expanded into the automotive space as rapidly as some peers have.
Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left. Livent has focused its business on one specific type of the white metal, hydroxide, which has seen weak demand in recent months due in part to uncertainty around China's electric vehicle subsidies.
Lithium producer Livent Corp said on Friday that its head of strategy and investor relations, Rasmus Gerdeman, is leaving to pursue other opportunities. Gerdeman, who reported directly to Chief Executive Paul Graves, joined Livent in 2018 roughly five months before it was spun off from chemical maker FMC Corp. He previously worked for consultancy FTI Consulting Inc. Gerdeman was responsible for long-term operational planning and identifying potential acquisition targets.
On a per-share basis, the Philadelphia-based company said it had profit of 12 cents. The supplier of performance lithium compounds posted revenue of $98.3 million in the period. For the current quarter ...
Livent Corp cut its full-year profit and revenue forecasts on Tuesday due to lower demand for lithium hydroxide from some of its main customers and weaker prices, sending its shares down as much as 16 percent in extended trading. Livent, which has been hit by uncertainty around China's electric vehicle subsidies, said it does not expect to see a meaningful change in demand until late 2019 or early 2020. "We are seeing weaker near-term demand for our high-performance lithium hydroxide, as several major customers have informed us about recent decisions to delay their own commercial launches of high-nickel cathode chemistries," Chief Executive Officer Paul Graves said.