Livent Corporation

LTHM: Livent is a pure-play lithium producer that was formed when FMC spun off its lithium business in October 2018. The company plans to merge with another pure-play lithium producer, Allkem, in an all-stock transaction that should close by the end of 2023. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 50% stake in a fully integrated Canadian lithium project.