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SSNLF - Livent Corporation: Thriving On Expansion And Logistical Success
Samsung Electronics Co Ltd
Despite an increase in cost of revenues by 31.67%, Livent still registered a 134% increase in gross profit at $93.6 million in 2021 from $40 million in 2020.
With the new Presidential directive, Livent will benefit from among other things, cheap government loans lower project costs and quicker expansion opportunities in the US.
Industrial action in South America has hampered growth for Livent.
Livent is yet to announce expansion in Chile despite the nation having the highest lithium reserve.