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As of 10 a.m. ET, SQM shares are rising 10.2%, Arcadium stock is up 10.9%, and Sigma Lithium is doing best of all -- a 15% gain. Why China's news is good news for lithium stocks.
Arcadium Lithium (NYSE: ALTM) is the product of a December 2023 merger between Livent Corp., which formerly traded under the symbol LTHM, and Australian lithium producer Allkem, symbol AX on the ...
Two of these lithium stocks look a lot riskier than the third.
Not all lithium stocks are created equal.
Piedmont Lithium is an American mining company in the process of proving economic mineral recovery of lithium at sites in North Carolina, Tennessee, Canada, and Ghana. [ 1 ] [ 2 ] The company has done business deals with Tesla and is planning to invest in a $1.8 billion mine in Gaston County, North Carolina .
It operates 3 divisions: lithium (68.4% of 2022 revenues), bromine specialties (19.3% of 2022 revenues) and catalysts (12.3% of 2022 revenues). [2] As of 2020, Albemarle was the largest provider of lithium for electric vehicle batteries in the world. [3]
The third most common use of lithium is in greases. Lithium hydroxide is a strong base, and when heated with a fat, it produces a soap, such as lithium stearate from stearic acid. Lithium soap has the ability to thicken oils, and it is used to manufacture all-purpose, high-temperature lubricating greases. [21] [162] [163]
Arcadium Lithium (NYSE: ALTM) stock soared 12.1% through 10:55 a.m. ET Friday after rumors emerged that the company may be a candidate for a buyout.. Australian daily newspaper The Australian ...