Livent Completes North Carolina Expansion of Largest Lithium Hydroxide Production Site in the United States

Livent’s main footprint in North America positions the corporate to benefit from long-term development alternatives and downstream incentives from the lately enacted Inflation Discount Act (IRA), which inspires use of lithium produced or processed in North America. The growth in Bessemer Metropolis will increase the positioning’s lithium hydroxide manufacturing capability by 50%, serving to meet the rising demand for EV battery supplies produced in the USA.

“Livent is America’s authentic lithium firm, tracing its roots again to the Nineteen Forties. At the moment, by slicing the ribbon on our Bessemer Metropolis growth, we open the following section of our work to assist energy the transition to electrical autos, cleaner power and a extra sustainable future,” mentioned Paul Graves, president and chief government officer of Livent. “The growth represents the primary new lithium hydroxide manufacturing facility in North America in additional than a decade. With our excellent group right here in North Carolina and the help of presidency in any respect ranges, we’re heading in the right direction to considerably enhance Livent’s manufacturing of the high-quality lithium chemical substances that our prospects want.”

Federal, state and native officers applauded the completion of Livent’s new lithium hydroxide facility in Bessemer Metropolis. North Carolina Governor Roy Cooper congratulated Livent in a letter, as did Senator Thom Tillis.

Senator Tillis commented: “Manufacturing performs a vital position in our economic system, and Livent is a wonderful instance of a corporation that’s supporting essential jobs in our state. I applaud your position in producing American-made merchandise, and I recognize your continued funding in North Carolina.”

Governor Cooper famous: “We’re enthusiastic about the way forward for manufacturing EV’s right here and stay up for persevering with the good working relationship we’ve got with Livent Company. That is an thrilling time for our state.”

Among the many distinguished friends who attended the ribbon slicing ceremony in the present day had been North Carolina State Consultant, Kelly Hastings; sector lead for crucial minerals on the U.S. Division of Commerce, Salim Bhabhrawala; members of the Gaston County Board of Commissioners, together with Vice Chairman, Bob Hovis; and Bessemer Metropolis Mayor, Becky Smith. All highlighted Livent’s deep roots and group engagement in North Carolina in addition to the thrilling position Bessemer Metropolis and Livent can proceed to play in shaping the way forward for the lithium trade. 

Please go to the Media Heart on livent.com for pictures and movies from the ribbon slicing occasion and of the brand new lithium hydroxide facility. 

About Livent
For almost eight many years, Livent has partnered with its prospects to soundly and sustainably use lithium to energy the world. Livent is one among solely a small variety of firms with the potential, repute, and know-how to provide high-quality completed lithium compounds which can be serving to meet the rising demand for lithium. The corporate has one of many broadest product portfolios within the trade, powering demand for inexperienced power, fashionable mobility, the cell economic system, and specialised improvements, together with gentle alloys and lubricants. Livent has a mixed workforce of roughly 1,100 full-time, part-time, momentary, and contract staff and operates manufacturing websites in the USA, England, India, China and Argentina. For extra info, go to livent.com. 

Secure Harbor Assertion beneath the Non-public Securities Litigation Reform Act of 1995: Sure statements on this information launch are forward-looking statements. In some instances, we’ve got recognized forward-looking statements by such phrases or phrases as “will seemingly outcome,” “is assured that,” “anticipate,” “expects,” “ought to,” “may,” “could,” “will proceed to,” “consider,” “believes,” “anticipates,” “predicts,” “forecasts,” “estimates,” “tasks,” “potential,” “deliberate,” “intends,” “goal” or related expressions figuring out “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995, together with the unfavourable of these phrases and phrases. These forward-looking statements, that are topic to dangers, uncertainties and assumptions about Livent, could embody projections of Livent’s future monetary efficiency, Livent’s anticipated development methods and anticipated developments in Livent’s enterprise, together with with out limitation, our capital growth plans. Such forward-looking statements are based mostly on our present views and assumptions concerning future occasions, future enterprise situations and the outlook for the Firm based mostly on presently accessible info. There are essential components that would trigger Livent’s precise outcomes, stage of exercise, efficiency or achievements to vary materially from the outcomes, stage of exercise, efficiency or achievements expressed or implied by the forward-looking statements. The persevering with results of the COVID-19 world pandemic, provide chain shortages and logistics disruptions, inflation, rising rates of interest, elevated power prices, shortages and power rationing in China, financial and political instability in Argentina, and the battle in Ukraine are components which can be impacting the Firm. Restrictions in China supposed to sluggish the unfold of COVID-19 have led to and will proceed to trigger enterprise and provide chain disruptions. Extra components that would trigger Livent’s precise outcomes, stage of exercise, efficiency or achievements to vary materially from the outcomes, stage of exercise, efficiency or achievements expressed or implied by the forward-looking statements embody a decline within the development in demand for electrical autos utilizing excessive efficiency lithium compounds; constraints for EV assemblies and lithium-ion battery manufacturing corresponding to restrictions on entry to semiconductor chips and availability of different uncooked supplies may not directly affect lithium demand; elevated provide chain disruptions within the electrical automobile manufacturing trade; volatility within the value for efficiency lithium compounds or different battery supplies, and the danger that rising costs grow to be demand harmful in our key finish markets (because the principal driver of our larger steering vary is larger anticipated realized pricing); opposed world financial and climate situations which will end in opposed affect on provide chains and buyer demand, together with a worldwide recession or regional recessions; competitors; quarterly and annual fluctuations of our working outcomes; dangers regarding Livent’s capability growth efforts and present manufacturing; the potential improvement and adoption of battery applied sciences that don’t depend on efficiency lithium compounds as an enter or that require a lesser quantity of efficiency lithium compounds; liquidity and entry to credit score; the conditional conversion characteristic of the 2025 Notes; the dearth of enough money movement from our enterprise to pay our debt; lowered buyer demand, or delays in development of buyer demand, for larger efficiency lithium compounds; the success of Livent’s analysis and improvement efforts; issue integrating future acquisitions; dangers inherent in worldwide operations and gross sales, together with political, monetary and operational dangers particular to Argentina, China and different nations the place Livent has energetic operations; the consequences of warfare, such because the battle in Ukraine; buyer focus and the delay or lack of, or important discount in orders from, massive prospects; failure to fulfill buyer and authorities high quality requirements; will increase within the value of power and uncooked supplies or broader world inflationary pressures; worker attraction and retention; union relations; cybersecurity breaches; our skill to guard our mental property rights; not having established confirmed or possible mineral reserves, as outlined by the SEC; authorized and regulatory proceedings; together with any shareholder lawsuits; compliance with environmental, well being and security legal guidelines; modifications in tax legal guidelines; dangers associated to possession of our widespread inventory, together with value fluctuations and lack of dividends; ESG dangers, together with occasions exterior our management that would forestall us from reaching our sustainability objectives; in addition to the opposite components described beneath the caption entitled “Danger Elements” in Livent’s 2021 Kind 10-Okay filed with the Securities and Change Fee on February 28, 2022, our subsequent Kinds 10-Q filed with the Securities and Change Fee, and different public communications. Though Livent believes the expectations mirrored within the forward-looking statements are cheap, Livent can not assure future outcomes, stage of exercise, efficiency or achievements. Furthermore, neither Livent nor some other individual assumes duty for the accuracy and completeness of any of those forward-looking statements. Livent is beneath no obligation to replace any of those forward-looking statements after the date of this information launch to evolve its prior statements to precise outcomes or revised expectations.

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Media contact: Juan Carlos Cruz +1.215.299.6170
[email protected]

Investor contact: Daniel Rosen +1.215.299.6208
[email protected]

SOURCE Livent Company