Hi
@ljcamp ,
I know that this recent development swayed your merger vote to a Yes.
What I am trying to understand is how does this impact either :
* AKE going it alone
* AKE merging with LTHM for form Arcadium Lithium
Allkem's 2023 revenue segment reporting by geographical market :
View attachment 5793478We can assume that all of the revenue from Mt Cattlin is from China. Olaroz is a mix bag. But in general ... more than 50% of Allkem's revenue.
Livent, on its own, revenue for Dec 2022 from China was $304.9M ( 37.49% of Livent's revenue ).
From Livent's Dec 2022 filing revenue distribution by geographical region :
View attachment 5793448What I am confused is that, if the merger goes ahead, then a bulk of the revenue still goes to China.
Now looking at the proposal by the DOE ... since we are not concerned about Allkem / Livent / Arcadium being controlled by a FEOC ( foreign-entity-of-concern ) via board seats, I was only looking at the "effective control" provision :
https://public-inspection.federalregister.gov/2023-26479.pdfView attachment 5793499View attachment 5793493DOE's explanation of proposed interpretation :
View attachment 5793523Does this mean any company that sells lithium chemicals to China are out ?
