Livent, put your pride aside & kiss the ring..... Livent said it has struggled to attract key specialists to its expansion project in rural northern Argentina and faced trouble importing needed replacement parts, among other issues. That's pushed the opening of the expansion to next year from a previous estimate of 2023.
The expansion is expected to boost production by 20,000 metric tons annually. The Argentina site is Livent's only active lithium mine, although it is developing projects in Quebec.
Despite recent concerns about slowing EV adoption, Livent said it continues to see strong demand for the battery metal.
"We see (lithium) supply continuing to be the constraint on demand," Livent CEO Paul Graves told investors on a conference call on Tuesday.