• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    Lithium Producer Livent Plummets on Guidance Cut

    Priscila Barrera
    May. 08, 2019 03:10PM PST
    Battery Metals
    NYSE:FMC

    The lithium miner reported weaker demand for its lithium hydroxide in Q1, reducing its revenue and earnings guidance for the year.

    Shares of Livent (NYSE:LTHM) tumbled more than 20 percent on Wednesday (May 8) after the lithium miner reported weaker demand for its lithium hydroxide in Q1, reducing its revenue and earnings guidance for the year.

    According to the Philadelphia-based company, the shift towards higher-nickel cathode batteries, which consume more lithium hydroxide, has been slower than previously expected.

    “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,” CEO Paul Graves said.

    Livent, which spun out of FMC (NYSE:FMC) last year, does not expect to see any meaningful change in demand for its lithium hydroxide until late 2019 or early 2020.

    As a result of this and other factors, the lithium miner has cut its full year revenue forecast to between $435 million and $475 million from a previous estimation of US$495 million to US$525 million. The company has also revised its adjusted earnings before interest, tax, depreciation and amortization to U$125 million to US$145 million.

    Graves said that, despite weaker current market conditions, the outlook for electric vehicles and lithium demand remains positive.

    “We have seen multiple OEMs announcing more detailed plans for new EV model launches. Importantly, for the first time, they are now specifying performance requirements that will require the use of high-nickel cathode chemistries, which increases our confidence in the growing importance of high performance lithium hydroxide.”

    Livent operates its lithium business in the Salar del Hombre Muerto in Argentina. The company said that about 1,000 tonnes of lithium carbonate production were lost for the year due to heavy rains, but operations are now back at normal levels.

    Looking ahead, the lithium producer said it continues to move forward with its expansion programs in Argentina and in the United States, with the first production from these expansions currently expected in the second half of 2020.

    On Wednesday, shares of Livent were down 15.84 percent in New York, trading at US$9.03.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

    nyse:fmcnyse:lthmlithium investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Lithium periodic symbol and electric vehicle.

    7 Biggest Lithium-mining Companies in 2025

    Text saying "lithium" overlaid on stock chart with a globe in the background.

    Top 9 Global Lithium Stocks of 2025

    Latest News

    Underground Production Commences Reward Gold Mine Project

    SAGA Metals Releases Corporate Video Produced by Pinnacle Digest and Provides a Comprehensive Summary of the Radar Ti-V-Fe Project in Labrador, Canada

    Seymour Concentrate Produces Battery Grade Lithium Hydroxide

    Castle Launches Extensive Auger Drilling Campaign at Kandia

    Lammerlaw NZ Maiden Drilling Intersects Gold Mineralisation

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Metals Australia

    MLS:AU

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Galan Lithium

    GLN:AU

    Jindalee Lithium

    JLL:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×