News: AKE Livent CEO: Company No Longer Has Fixed-Price Lithium Sales Contracts

Oct 31 (Reuters) - Livent LTHM.N :

• DROP IN CHINESE LITHIUM PRICES IN Q3 OFFSET BY COST CUTS
• CONFIDENT CAN STILL INTERNALLY FUND EXPANSION PROJECTS
• CEO PAUL GRAVES: DID NOT SEE Q3 LITHIUM DEMAND AT LEVELS CONSISTENT WITH STRONG GLOBAL EV DEMAND
• CEO: GLOBAL EV SUPPLY CHAIN WORKING THROUGH INVENTORIES BUILT AT END OF 2022 AND BEGINNING OF 2023
• CEO: EXPECTS TO SEE 'RAPID INCREASE' IN PRICE OF BATTERY MATERIALS WHEN RESTOCKING RESUMES
• CEO: NO SIGNS OF ANY PULLBACK IN ENERGY STORAGE MARKET DEMAND FOR LITHIUM
• CEO: ARGENTINA EXPANSION PROJECT BEING DELAYED BY STRUGGLES SECURING TALENT, REPLACEMENT PARTS
• CEO: NEMASKA LITHIUM PROJECTS IN QUEBEC REMAINS 'VERY ATTRACTIVE' GIVEN LOCATION, COST POSITION, ACCESS TO HYDROPOWER
• CEO: CHINESE AND AMERICAN EXPANSION PROJECTS PROCEEDING AS PREVIOUSLY EXPECTED
• CEO: MARKET DATA SUGGESTS CHINESE LEPIDOLITE LITHIUM PRODUCTION IS DROPPING
• CEO: 'ABSOLUTELY' WOULD LOOK AT BUYING JUNIOR LITHIUM MINER IN AUSTRALIA AFTER ALLKEM (AKE) MERGER CLOSES
• CEO: LIKELY WOULD GET 'PRETTY AGGRESSIVE' ACQUIRING ASSETS IN AUSTRALIA AFTER ALLKEM (AKE) MERGER CLOSES
• CEO: COMPANY NO LONGER HAS FIXED-PRICE LITHIUM SALES CONTRACTS