LTHM Stock Recent News
LTHM LATEST HEADLINES
Livent Corporation is a lithium products company that trades below its IPO price and has exposure to the promising lithium industry. The company's financial performance has been impacted in recent quarters by cyclicality, but it continues to improve its strategic positioning in the industry. LTHM's merger with Allkem is expected to bring synergies and diversification of assets, making it one of the world's largest lithium companies.
Supply issues crushed lithium stocks. However, as I noted on Dec. 5, “the fear is creating a massive opportunity for patient investors.
Lithium producers and lithium stocks have been badly hit as Chinese lithium prices plunged an incredible total of about 75% between November 2022 and November 2023. However, in the wake of the tremendous decline of both the mineral's prices and lithium stocks, multiple firms are starting to be bullish on the sector.
Zacks.com users have recently been watching Livent (LTHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Whether you are a bull on the world's transition to electric vehicles or not, lithium stocks are expected to rise in value significantly over the next few decades. These companies produce crucial elements to keep our electronics powered; thus, lithium's spot price is expected to rise in step.
Falling lithium prices have made lithium stocks a poor investment in 2023. That's to the surprise of many analysts who believed the market for lithium would explode higher.
The Global X Lithium & Battery Tech ETF (NYSEARCA: LIT ) shed over 15% of its market value since the turn of the year, suggesting the lithium industry is subject to systematic headwinds. Although lithium stocks have surrendered value, we need to put matters into perspective before committing to long-term investment decisions.
Lithium stocks have taken a beating thanks to over-supply. But don't let that chase you away.
Zacks.com users have recently been watching Livent (LTHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Lithium, crucial for electric vehicle (EV) batteries, remains high in demand as the auto industry shifts from gasoline to electric models. This shift has propelled lithium stocks into the spotlight.