Allkem's merger with Livent is unlikely to be the last deal in the current M&A wave for
lithium stocks, Jefferies says. "With limited projects advanced enough to be able to
deliver production growth pre-2030, the number of dance partners available for those
standing on the sideline to conduct accretive M&A diminishes every day," analyst Mitch
Ryan says in a note. Jefferies says the Livent-Allkem combination makes strategic sense
and should be a strong tailwind for Allkem's stock. "The deal has potential to deliver
improved capital returns on accelerated timelines relative to those achieved
independently," says Jefferies. "That said, we see risk on a long-term basis around
project delivery." ([email protected]; @dwinningWSJ)
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
14 | 345569 | 10.0¢ |
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Price($) | Vol. | No. |
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10.5¢ | 3540413 | 50 |
View Market Depth
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7 | 487715 | 0.099 |
9 | 365059 | 0.098 |
13 | 834820 | 0.097 |
12 | 1059641 | 0.096 |
Price($) | Vol. | No. |
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0.105 | 3571413 | 51 |
0.110 | 2773703 | 43 |
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