Arcadium Lithium initiated with a Peer Perform at Wolfe Research

Wolfe Research initiated coverage of Arcadium Lithium with a Peer Perform rating as part of a broader research note on Chemicals, Agriculture and Packaging names. There is little reason to suspect cost curve support for cratering carbonate/hydroxide prices, the analyst tells investors in a research note. The firm expects industry feedstock shortages to tilt the supply-dmeand in Arcadium’s favor, though it’s still too early underwrite prices above $20/kg, Wolfe added.