Arcadium Lithium plc(ALTM)
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Lithium's Role in the Energy Revolution to Regain Momentum in 2025
Prnewswire· 2025-01-14 14:40
Global Lithium Market Overview - The global lithium market is projected to reach approximately $28.45 billion by 2033, driven by a robust compound annual growth rate (CAGR) of 12.50% [1] - A shift toward a lithium supply deficit is forecasted by 2027, with 2025 potentially marking the peak of the current oversupply [1] - The surplus of lithium carbonate equivalent (LCE) is expected to decrease to 80,000 tonnes in 2025, down from nearly 150,000 tonnes in 2024 [2] - Benchmark analysts highlight the need for $116 billion in investments by 2030 to meet anticipated electric vehicle (EV) production targets [2] Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) - The company signed a Letter of Intent (LOI) with a private European corporation for the cooperative development of its flagship Hombre Muerto North Lithium Project (HMN Li Project) in Argentina [3] - The partner will procure a capital loan of up to US$10 million for the completion of a Definitive Feasibility Study (DFS) and will fund 80% of the CAPEX as defined in the DFS [4] - Lithium South provided an update on the HMN Li Project, with technical teams harvesting concentrated brine from pilot evaporation ponds [5] - The company is in continuing discussions with interested parties, which likely led to the announced LOI [6] - The HMN Li Project is noted for its solid lithium resource and industry-leading brine chemistry, with recent M&A activity underscoring its value proposition [7] Arcadium Lithium plc (NYSE: ALTM) - The company moved closer to being acquired by Rio Tinto after receiving clearance from the Committee on Foreign Investment in the United States (CFIUS) [7] - Shareholders approved the acquisition, with the CEO expressing confidence in the transaction's future benefits [8] Sigma Lithium Corporation (NASDAQ: SGML) - The company exceeded its Q4 2024 targets with 75,000 tonnes of quintuple zero green lithium produced and is positioned to surpass 270,000 tonnes in 2025 [8][9] - Sigma Lithium's Greentech Industrial Plant is delivering lithium materials aligned with the ethos of EV consumers, reinforcing confidence in surpassing 2025 production targets [9] Lithium Americas Corp. (NYSE: LAC) (TSX: LAC) - The company increased its Mineral Resource and Reserve for its Thacker Pass project in Nevada, with a Proven and Probable mineral reserve estimate of 14.3 million tonnes LCE, a 286% increase from the 2022 Feasibility Study [10] - The Measured and Indicated mineral resource estimate is 44.5 million tonnes LCE, a 177% increase [10] - Thacker Pass is now the largest measured lithium reserve and resource in the world, with potential to generate American jobs and increase domestic production of critical minerals [11] Atlas Lithium Corporation (NASDAQ: ATLX) - The company is advancing its Neves Project in Brazil's Lithium Valley, with recent additions to its team and expansion of its Asian market presence [11] - Atlas Lithium has assembled Brazil's largest portfolio of lithium mineral rights among publicly listed companies, with the Neves Project advancing towards production [12] - The Neves Project is distinguished by large spodumene crystals, which should enable a streamlined production process and deliver lithium concentrate with minimal impurities [13]
Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto
Prnewswire· 2025-01-08 13:00
PHILADELPHIA and PERTH, Australia, Jan. 8, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, announced that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the proposed acquisition of Arcadium Lithium by Rio Tinto (previously announced on October 9, 2024) and determined that there are no unresolved national security concerns. As of this release, merger control clearance has been sat ...
Arcadium (ALTM) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-11-08 00:10
Arcadium (ALTM) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -80%. A quarter ago, it was expected that this supplier of performance lithium compounds would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise.Over the last four quarte ...
Arcadium Lithium plc(ALTM) - 2024 Q3 - Quarterly Report
2024-11-07 22:51
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to _______ Co ...
Arcadium Lithium plc(ALTM) - 2024 Q3 - Quarterly Results
2024-11-07 21:35
Exhibit 99.1 News Release – November 7, 2024 Arcadium Lithium Releases Third Quarter 2024 Results PHILADELPHIA and PERTH, Australia, November 7, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the third quarter of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in ...
Arcadium (ALTM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-10-22 15:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Arcadium (ALTM) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock m ...
Rio Tinto's Acquisition of Arcadium Lithium (ALTM) Boosts Lithium Stocks
Gurufocus· 2024-10-09 15:25
Arcadium Lithium (ALTM, Financial) shares soared 30.54% today, reaching a price of $5.54, following Rio Tinto's announcement of its plan to acquire the company for $6.7 billion. This strategic move positions Rio Tinto as a major player in the high-growth lithium market, aligning with their vision to capitalize on a market primed for a rebound. The acquisition will see Rio Tinto paying $5.85 per share, significantly enhancing the value from the pre-rumor levels. This valuation indicates a price-to-earnings ( ...
These 3 Stocks Just Spiked—Buy the Rally or Sell the News?
MarketBeat· 2024-10-09 11:31
Selling the news is a common trading strategy in which traders buy a stock in anticipation of expected news, then sell once the event occurs. It's a short-term strategy based on the psychology that the unknown is frequently better or worse than the known. Once traders have time to interpret the news, they find that it won't mean much for the long-term outlook for the stock. But sometimes news happens unexpectedly. In this case, traders may buy a stock after the news is announced. But in many cases, these st ...
Arcadium Lithium (ALTM) Jumps on Buyout Offer from Rio Tinto
Gurufocus· 2024-10-07 20:26
Arcadium Lithium (ALTM, Financial) witnessed a notable surge in its stock price today, experiencing a 34.25% increase, landing at $4.135. This significant movement follows the news of a potential buyout offer from mining giant Rio Tinto Group, heightening investor interest. The buyout offer from Rio Tinto Group, one of the largest mining companies globally, could potentially position Arcadium as a strategic asset in the booming lithium market, especially with the growing demand for electric vehicles. Howeve ...
Rio Tinto's Interest Boosts Arcadium Lithium (ALTM)
Gurufocus· 2024-10-04 15:50
Arcadium Lithium (ALTM, Financial) shares increased by 13.04% today as rumors circulated about a potential acquisition by Rio Tinto Group, aiming to expand its presence in the lithium industry. This development has spurred investor optimism, leading to a notable rise in the stock price, which is currently valued at $3.165. Arcadium Lithium (ALTM, Financial) presents an intriguing investment opportunity in the current market landscape. The company, having been impacted by low lithium prices, now stands out a ...