9500/MT per year expansion plans...( former article ) WHAT WERE LIVENTS PLANS AROUND OCT 25/2019 ?
Apparently, Livent (NYSE:LTHM) didn't get the message. The company continues to forge ahead with expansion efforts and is churning out record levels of lithium from its operations in Argentina. Investors haven't agreed with the aggressive strategy, as evidenced by the 48% year-to-date decline in value of the lithium stock -- by far the worst among the big three producers. Is Livent wrong to pursue growth in the current environment? SEEMS...
LIVENT'S PLANS ARE ON TRACK ( 9,500/MT per year expansion ) PER YEAR
This was stated Oct 25 / 2019....then as most know, China unravelled. READ BELOW - WHAT'S THE MAIN TAKEAWAY...? MAIN TAKEAWAY...IS,
LIVENT'S FUTURE EXPANSION PLANS =
9,500/MT per YEAR. AND...
TWO JUNIORS ON WEST HOMBRE...
SITTING LOOKING PRETTY.
IF Livent has a goal of expanding operations...
Fenix is already set up on, Hombre.
Would the two juniors on West Hombre be an easy target ?
Ha...
The company finally completed improvements to its lithium hydroxide production processes in Argentina, which relieved some self-inflicted margin pressure experienced in the first quarter of this year. It expects second-half 2019 production volumes will exceed first-half output by 30%. Meanwhile, Livent remains on track to increase production in Argentina by 9,500 metric tons per year of lithium carbonate equivalent (LCE) by the end of 2020, which is part of a larger 40,000-metric-ton expansion. LINK:
www.fool.com/investing/2019/10/25/livents-move-for-lithium-market-share-is-crushing.aspx The very - fact - Livent - Mere months ago said....on track with 9,500/MT per year expansion.
Is every reason for Portofino to hang onto the, Hombre Claims...
.
China is responsible for an estimated 57% of global lithium purchases, so it's not surprising that global average selling prices for lithium carbonate and lithium hydroxide both cratered following the domestic market's slowdown. NOW...IF OTHERS TOOK THIS OPPORTUNE TIME ( China slow - down )
And chisseled China's 57% control and culled it down to a 30%....
CREATED THIER OWN STOCK PILES - PLACED LITHIUM ON THE LME
Would this not take the PRICING control away from, China ?
SURE WOULD.
AND...allow a set price for the entire industry....decent pricing.
Pricing that doesn't reflect a China stock piling to throttle/control lithium prices.
Set higher pricing = allows others the needed profits to jump into refining lithium on own.
No more dependency on, China.
Lower prices allows China to keep the dependency going.
So...not long ago... Livent made plans - Looking to expand with 9,500/MT per year...?
That could easily translate to, taking on one EXTRA project per year to meet the 9,500/MT.
In investor terms = it could also mean = juniors Temp setback for Livent...but...odds are...Livent will want to resume those plans.
And how ironic...two juniors already on West Hombre...
Sitting looking awefully pretty....spit throw away from, Fenix.
Galen wants to expand...the other wants to sell too cheaply + run.
Very Odd.
Anyone ever hear of Posco ?
As in...alternternative measure to avert Livent ot China ?
Though Korea + China are both with issues at present moment.
One cannot dispute that Korea is making it's own SPLASH in lithium industry.
South, Korea...could be a perfect opportunity for, the two juniors.
And...go figure.
Posco is at present setting up on, Hombre.
Espstien...
The commentary you posted on CEO.ca should have included Livent's expansion efforts,
Of 9,500/My per year...it would have revealed another side to the story...revealing how
Two juniors on West Hombre could present quality projects which just so happen to be
in very Closology to, Livent + Fenix. ( same SALAR ) for those unaware.
Cheers !