ALTM - Arcadium Lithium: Fallen Star Is Awaiting To Arise

2024-03-20 15:27:42 ET

Summary

• Arcadium Lithium has emerged as one of the world's largest lithium producers, with potential production of up to 248 thousand tons by 2027.
• The lithium market is expected to be in surplus in the near future, causing a decline in prices.
• Despite the surplus, the growth of the electric vehicle market is expected to offset declining prices, making Arcadium Lithium a good investment.

Investment thesis

At the beginning of 2024 two big lithium production companies merged (Livent and Allkem) and new giant – Arcadium Lithium ( ALTM ) – came to existence. As we wrote earlier in our article, dated back to 24th of May, that merger with the Argentine-based lithium producer and Allkem has created one of the world's largest vertically integrated lithium producers with the potential production up to 248 thousand tons of the commodity by 2027. We still expect that new company can reach its potential production levels by the end of 2027....

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