ALTM - Arcadium Lithium: Lithium Prices Will Rise Again

2024-03-20 03:26:21 ET

Summary

• Livent Corporation and Allkem Limited have merged to form Arcadium Lithium plc, providing an opportunity to invest in a forgotten stock.
• The merger is expected to result in cost-saving synergies and a boost in lithium production by 40% annually in 2024.
• The stock valuation is currently low, making it an attractive investment considering the forecasted production growth and potential for lithium prices to spike again.

The lithium stocks are bouncing along the bottom and the recent merger between Livent Corporation and Allkem Limited to form Arcadium Lithium plc ( ALTM ) could provide an opportunity to scoop up a forgotten stock in the shuffle. The stock quickly slumped following the merger close at the start of 2024 My investment thesis remains ultra Bullish on the lithium stocks having originally covered Livent....

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