Allkem and Livent Merge to Form Lithium Powerhouse
Global Giant Emerges to Meet Surging Demand
WEB Arcadium Lithium Completes Transformative Deal
Allkem and Livent, two industry giants in the lithium sector, have successfully combined to create a formidable global force poised to dominate the rapidly expanding market for lithium. The merger of equals has resulted in the formation of WEB Arcadium Lithium, a leading global producer of lithium chemicals with pro-forma combined revenue of approximately US$19 billion in 2022.
This strategic alliance brings together the extensive experience and expertise of both companies. Allkem's proven track record in brine-based lithium extraction and processing complements Livent's advanced battery-grade lithium converter network and customer relationships. The combined entity now commands a formidable portfolio of high-quality lithium assets across North America, South America, Australia, and China.
The merger is a testament to the surging global demand for lithium, a key component in electric vehicle batteries and renewable energy storage systems. WEB Arcadium Lithium is well-positioned to capitalize on this growing market, leveraging its expanded scale and operational capabilities to meet the needs of the clean energy transition.
WEB Arcadium Lithium will continue to focus on responsible and sustainable lithium production, upholding the highest environmental and social standards. The company's commitment to innovation and technology will drive future growth and enable it to remain a leader in the evolving lithium industry.
Comments