Arcadium Lithium

Welcome to Arcadium Lithium that will soon own the assets of Allkem and Livent, and in turn be jointly owned by Allkem and Livent shareholders.

We all know what AKE owns, but here are some insights into Livent

https://finance.yahoo.com/news/13-best-lithium-stocks-buy-091328202.html

Number of Hedge Fund Holders: 24

Livent Corporation (NYSE:LTHM), a fully integrated lithium company, manufactures lithium for use in a range of lithium products, which are used primarily in lithium-based batteries, specialty polymers and chemical synthesis applications.

Livent Corporation (NYSE:LTHM) announced on November 14 that the planned $10.6 billion merger with Australia's Allkem has successfully secured all necessary pre-closing regulatory approvals. The anticipated closing date is January 4, contingent upon Allkem shareholders voting in favor at the December 19 meeting. The resulting entity, named Arcadium Lithium, is poised to become the world's third-largest producer of the essential metal used in electric vehicle batteries.

Insider Monkey’s third quarter of 2023 survey covering 910 hedge funds revealed that 24 funds were Livent Corporation (NYSE:LTHM)’s investors. Israel Englander’s Millennium Management is a notable hedge fund investor courtesy of its $52.04 million stake.

FPA Queens Road Small Cap Value Fund made the following comment about Livent Corporation (NYSE:LTHM) in its Q3 2023 investor letter:

“Livent Corporation (NYSE:LTHM) is an integrated, low-cost lithium producer that was spun out from FMC in 2018. This is an unusual investment for us – we normally avoid the commodity and materials sectors and have kept our position in Livent small. But we believe Livent has a unique position in an industry with a strong long-term outlook. The company generates cash, is virtually debt-free (as of Sep 30, 2023), and has considerable capacity additions planned near-term. In May, Livent announced an all-stock combination with Australia’s Allkem that should add scale, allow for cost reductions, and help consolidate the market. 25 The company’s share price has declined along with lithium prices despite Livent’s relatively long-term contracts and reiteration of 2023 guidance.”