Australia-based Allkem and US-based Livent completed an all-stock merger to form Arcadium Lithium.

Allkem and Livent completed a merger of equals of the 4^th of January 2024, forming new company Arcadium Lithium. Livent shareholders were given 2.406 Arcadium Lithium ordinary shares (NYSE listed) for each Livent share held prior to the merger, while Allkem shareholder received a share ratio of 1 Arcadium Lithium share for each Allkem share held prior to the merger.

Arcadium Lithium combines Allkem’s operations and development projects in Argentina, Australia, Canada and Japan with Livent’s operations and projects in Argentina, the USA, Canada and Europe. Combined, Arcadium Lithium’s operations would have had capacity to produce 99.5kt LCE from mineral and brine assets along with a reprocessing capacity of 38kt LCE in 2023, which would have made it the 4^th largest refined lithium producer behind Albemarle, SQM and Ganfeng Lithium. 

Both Allkem and Livent prior to the merger have been progressing the development of new lithium projects and expanding production at existing operations, principally at project in Argentina and Canada. Allkem’s brine project in Argentina and James Bay mineral project in Canada were scheduled to have a total capacity of 114.5ktpy LCE by 2030, while Livent’s Whabouchi mine in Canada is schedule to have a capacity of 45ktpy LCE in mineral concentrates when commissioned and ramped-up. With successful expansions and commissioning of new mines and brine operations, Arcadium Lithium’s capacity is planned to exceed 358.0ktpy LCE in brine and mineral concentrate production which would maintain its position at the top table of lithium producers for the remainder of the decade.