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Livent

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Livent - Energy & Power showcase

Year Founded & Workforce

1942

880 Employees

Industry

Energy & Power

Services

Lithium & Lithium Minerals
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Livent Employee Contacts

9 verified contactsNames, job titles, seniority and locations

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Livent Overview

Company Headquarters: Pennsylvania, United States

Founded: 1942

Workforce: ~ 880

Company Working: Livent is a chemical manufacturing company that extracts, processes and manufactures finished lithium products. The company's products include lithium carbonate, lithium hydroxide for batteries, high purity lithium, butyl lithium, specialty organics, high purity lithium chloride and lithium phosphate. Its products are used in a variety of performance applications including the production of batteries for fully electric vehicles and other battery systems; production of polymers, fats and pharmaceutical products; synthesis of agrochemicals and production of light materials in the aerospace industry. The company has its manufacturing and sales operations in the USA, China, Argentina, UK, Korea, Japan and Singapore. Livent is headquartered in Philadelphia, Pennsylvania, USA.

Strategy

Livent's core strategy is to be a global leader in providing sustainable lithium-based solutions that will power the transition to a cleaner, more electrified future. Livent aims to be a reliable supplier of high-quality lithium compounds to meet the growing demand of industries such as electric vehicles, renewable energy storage and consumer electronics. Livent seeks to diversify geographically by expanding its presence in emerging lithium markets and regions with favorable regulatory environments and access to key resources.

Company Snapshot

$288M

Revenue

880

Employees

1942

Founded

Pennsylvania, United States

Headquarters

SWOT Analysis

Strengths

  • Extensive Industry Experience
  • Complementary business segments
  • Efficiency gains through improved logistics resulting in lower transportation cost
  • Strong Customer Relationships

Weaknesses

  • Livent’s limited production capacity may limit its ability to meet growing demand for lithium compounds, especially during periods of increased market demand
  • Replicable business model can allow the competitors to formulate the same policies

Opportunities

  • Lower inflation rate could be seen as profiting aspect for the company
  • Scope for expansion in emerging markets
  • Accelerated technological innovations and advances

Threats

  • Competitive threats such as pricing, substitutes, and technologically advanced products
  • The rise in inflation increases the cost of production and affects the business profitability

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Key Developments

DateApproachDevelopment
May 2022AcquisitionLivent increases its stake in Nemaska Lithium. This acquisition by Livent demonstrates the project’s robustness and its potential in the battery value chain. It also attests to the excellent work done by the Nemaska Lithium team since its relaunch in December 2020.

Product Offering

  • Livent
    • Lithium & Lithium Minerals

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 288 Mn in 2020 to USD 813 Mn in 2022.
Livent — By Business Segment
Series (USD Mn)202020212022
Sales288420813

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