LTHM - Livent E3 Metals advance first phase of tech development plan

Livent (LTHM) +9.7% pre-market after unveiling an agreement with E3 Metals that updates a development plan to advance E3's direct lithium extraction technology.The companies say they continue to work towards the goal of producing a commercial sorbent and process, and the development work has enhanced the performance on multiple levels, which include improved speed and efficiency of lithium recovery.Lithium stocks surged yesterday after Seaport Global said producers' growth is unlikely to be halted by Tesla's plan to mine its own lithium."While investors appear concerned with TSLA's decision to produce its own lithium, we don't think this has much impact on the growth opportunities" for Livent or Albemarle (ALB), Seaport's Michael Harrison said, according to Bloomberg."We also wonder if at some point ALB and/or LTHM become takeout candidates for OEMs looking to quickly back-integrate and ensure security of a key battery material," Harrison wrote.Yesterday: [[LTHM]] +18.1%, [[ALB]] +6.1%, [[SQM]] +9.1%, [[LAC]] +7.9%.

For further details see:

Livent, E3 Metals advance first phase of tech development plan