Livent Results projected rebound with lithium demand begins

0
175

Results have been announced by Livent Corp for their latest quarter which have got more than the sale expected as they have seen aggressive plans by Governments as well as all the automakers who are showing aggressive plans to make electric vehicles (EVs) mainstream.

Company is Lithium Producer based in Philadelphia and showing some bullishness with rising demand where Livent is considering to resume their expansion plans in US as well as Argentina, which was being on hold due to COVID-19 pandemic. With latest announcements, company have declared first-quarter net loss of $800,000, or a penny per share, compared to a net loss of $1.9 million, or a penny per share, in the year-ago period.

“We are becoming increasingly confident in the trajectory of lithium demand growth over the coming years,” Chief Executive Paul Graves said in a statement.