| As part of this ongoing process, today Livent is announcing multiple additional capacity expansion plans for both lithium carbonate and lithium hydroxide. At the conclusion of these expansions, Livent expects to reach 100,000 metric tons of total carbonate capacity by the end of 2030 or roughly 5 times today’s levels. Additionally, Livent expects to at least double its existing hydroxide capacity of 25,000 metric tons by the end of 2025, excluding Nemaska. We announced yesterday that Livent has reached an agreement to double its stake in Nemaska, an integrated spodumene to hydroxide project in Québec, Canada. Livent will own 50% of Nemaska when this transaction closes, which is expected to occur in 30 days to 45 days. Nemaska is a highly attractive asset in its own right, with a favorable projected cost position, being well located in North America and having access to low cost and sustainable hydroelectric power. Nemaska brings a number of additional strategic advantages to Livent, but Livent can also bring significant advantages to Nemaska, which I will talk about shortly. ^^^ Snippet from the Livent recent earnings conference call. |
