Lithium & The Future, page-6066

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Rupfel

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12/05/20

19:15

Post #: 44581627
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Originally posted by sabine ↑

Rupfel you seem to only ever look at the glass, not just half full, but brimming over.
Do you believe Covid has impacted those estimates?

And I am guessing you have already seen Livent’s results today but choose not to share them?

For the sake of balance:
https://uk.reuters.com/article/us-l...oss-on-weak-prices-lower-volume-idUKKBN22N2ZE
May 12, 2020;
(Reuters) - Lithium producer Livent Corp (LTHM.N) reported a quarterly loss on Monday, hit by weak prices of the metal used in rechargeable batteries and lower volume amid the COVID-19 outbreak.
The lithium industry is beginning to feel the pain of sliding automobile sales and the economic malaise caused by the COVID-19 respiratory disease. Albermale, the world’s largest lithium producer, cut its 2020 budget and pulled its annual forecast.

Livent said it expects near-term demand to be hit by production stoppages at manufacturing facilities, even though it had not seen any evidence of automotive original equipment manufacturers pulling back from their plans to produce more electric vehicles.

The company also added that industry-wide output cuts as well as delays or cancellations of capacity expansion projects would help tighten the demand-supply balance once electric vehicle production starts to accelerate.
Demand for lithium, a vital ingredient in batteries that power electric vehicles, has plunged in the past two months in China and elsewhere as the coronavirus outbreak has all but halted global industry.

The company reported a net loss of $1.9 million, or 1 cent per share, for the first quarter ended March 31, compared with a profit of $16.9 million, or 12 cents per share, a year earlier.

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Having read it now, more of the same from qtr4 2019 report other they are saying they have been more badly hit by Covid 19 with delivery.
https://finance-yahoo-com.cdn.amppr...t-releases-fourth-quarter-full-211500903.html

AJM Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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Lithium & The Future, page-6066

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