Allkem and Livent merger completes, forming lithium giant Arcadium Lithium

Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) announced the completion of the all-stock merger of equals between Allkem and Livent, forming a leading global lithium chemicals producer.

The newly combined company, with approximately U.S. $1.9 billion in total revenue for 2022 and a team of over 2,600 employees, is now one of the largest integrated producers of lithium chemicals in the world.

Arcadium Lithium’s strategic merger strengthens its position in the lithium value chain, enhancing its ability to meet growing customer and industry needs responsibly and sustainably.

Paul Graves, Chief Executive Officer of Arcadium Lithium, highlighted the company’s comprehensive expertise across major lithium extraction processes and its vertical integration from resource to chemical manufacturing. With a presence in strategic global locations, Arcadium Lithium is poised to explore new opportunities and deliver increased value across various stakeholders.

Graves praised the efforts of the integration planning teams and employees worldwide, crediting them for the successful merger. He emphasized the company’s commitment to safe, responsible, and sustainable operations and its focus on leading the industry forward.

Arcadium Lithium’s ordinary shares commenced trading on the NYSE under the ticker “ALTM.” The company also maintains a foreign exempt listing on the ASX, trading under “LTM.” Following the merger, Allkem shareholders received either Arcadium Lithium ASX listed CDIs or NYSE listed shares, while Livent shareholders received 2.406 Arcadium Lithium NYSE listed ordinary shares for each Livent share held.

This merger positions Arcadium Lithium as a premier player in the global lithium market, with an unwavering focus on sustainability and continuous improvement. The company’s extensive resources, manufacturing sites, and vertically integrated business model are set to enhance operational flexibility and cost efficiency.

The formation of Arcadium Lithium through the merger of Allkem and Livent marks a transformative moment in the lithium industry. With its leading position, the company is uniquely equipped to advance clean energy technologies and support the global transition to a sustainable future. Arcadium Lithium’s emergence as a lithium industry leader underscores its commitment to delivering greater value in the evolving landscape of renewable resources.