Livent Corporation Stock 56.7% Upside Potential
The ongoing energy transition and accelerating vehicle electrification is likely to boost the global EV sales, driving demand for critical feedstock, such as lithium. Livent is a leading fully-integrated lithium producer, with significant lithium resources in Argentina and Canada and lithium manufacturing facilities in the U.S., China and the United Kingdom, close to the firm’s customers. The company’s management has been implementing an immense growth strategy, aimed at both expansion of production capacity and diversification of product portfolio with high added value products. The anticipated Livent’s merger with Allkem will create the world’s third-largest integrated lithium chemicals producer by production capacity. The company has been capitalizing on Argentina's favorable tax and regulatory environment for decades, and the company’s access to low-cost lithium operations in the country has made Livent one of the most profitable lithium producers.