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Only problem is Livent shares got smacked after the result and...

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maxybro

2,702 Posts.

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06/11/19

09:54

Post #: 41269140
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Originally posted by yanlin: ↑

Big news out of the USA with Livent results just out. In addition to the results, they put out this:

"Livent is announcing a memorandum of understanding for a multi-year supply agreement with LG for lithium hydroxide starting in 2020. Under this arrangement, Livent would be committed to supply significant volumes of various specifications of lithium hydroxide to LG for multiple battery applications.

“We are pleased to partner with LG, a respected leader in the global battery industry, to ensure that their rapidly growing needs for the highest quality lithium hydroxide are met,” said Paul Graves, president and chief executive officer of Livent. “We have a long history of being a leading provider of lithium hydroxide for demanding battery applications. Multi-year, multi-application partnerships are core to our strategy of remaining the lithium supply partner of choice in a rapidly growing and evolving market.”

Bottom line is: Li supply deals are still being done in this climate. look out for something on SDV soon!!!

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Only problem is Livent shares got smacked after the result and were down almost 10% in after hours trading. I haven't looked at the details yet.

GXY Price at posting: $1.02 Sentiment: None Disclosure: Not Held
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