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“We are a leader in every major lithium extraction process – from hard rock mining to conventional pond and DLE-based brine processing – and vertically integrated, from resource to chemical manufacturing, in strategic locations around the world. This will open doors to new opportunities and strengthen our ability to deliver value to our customers, investors, employees, and communities.”
Paul Graves,
Chief Executive Officer,
Arcadium Lithium.
Identified as ‘Energy Metal in the 21st Century’, lithium has quickly become one of the world’s most important minerals and its global demand is growing rapidly, not only due to technological evolution, but also because of environmental regulations, which are committed to reducing greenhouse gas emissions. Due to the increase in its demand, Allkem and Livent have officially completed their highly anticipated merger to become Arcadium Lithium and has since officially started its operation on January 4, 2024.
The new, combined company is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people’s lives and accelerate the transition to a clean energy future. The merged entity is valued at $10.6bn and the trading of Arcadium Lithium ordinary shares has commenced on the New York Stock Exchange (NYSE) under the ticker “ALTM”.
The duo agreed that Allkem shareholders will receive one Arcadium Lithium ASX-listed CHESS Depositary Instrument (CDI) or one NYSE-listed share for each Allkem ordinary share, depending on their location and election while Livent shareholders have been allocated 2.406 Arcadium Lithium NYSE-listed ordinary shares for each Livent share they held, as part of the merger’s exchange ratio.
Arcadium Lithium CEO, Paul Graves said, “As one of the leading global producers of lithium chemicals, Arcadium Lithium has the resources, scale and expertise to meet the growing needs of our rapidly changing industry.
“We are a leader in every major lithium extraction process – from hard rock mining to conventional pond and DLE-based brine processing – and vertically integrated, from resource to chemical manufacturing, in strategic locations around the world. This will open doors to new opportunities and strengthen our ability to deliver value to our customers, investors, employees, and communities.
“This transformational merger would not have been possible without the hard work and commitment of our integration planning teams over the past months.”
Conclusively, Arcadium Lithium is one of the world’s largest integrated lithium chemical producers with an unwavering commitment to continuous improvement, decarbonization and delivering greater value to customers, employees, communities, and shareholders. It has a global team of more than 2600 employees and had U.S. $1.9 billion of combined total revenue in 2022.