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Livent (LTHM) was formed in 2018 when FMC Corporation (FMC) spun off its lithium business. The backbone of Livent's lithium operation is its Salar del Hombre Muerto brine project in Argentina that provides the lithium feedstock for its butyllithium, lithium chloride, lithium hydroxide, and high purity lithium metal production. Albemarle (ALB) and Livent are the 2 main producers of butyllithium which is used in pharmaceutical and polymer applications. Jiangxi Ganfeng Lithium ("Ganfeng") and Livent are the 2 main producers of lithium metal which is used in battery