Arcadium Lithium Plc Chess Depositary Interests Repr 1 Sh (AU:LTM) has released an update.
Arcadium Lithium Plc reported strong first quarter results in 2024 with average realized lithium pricing over $20,000 per metric ton, indicating robust demand and a stable market. The company is on track to achieve significant cost savings of $60 to $80 million and is expanding its capacity, aiming to reach 170,000 LCEs by 2026. These developments, along with the commissioning of new production facilities and planned capital investments, position Arcadium Lithium for substantial growth in the lithium market.
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