Lithium actions fall at Livent “alert signal”

Lithium shares fell in the first operations of the US, after the profits and guidelines of the first quarter of 2019 of the US lithium miner Corp. disappointed on Wall Street. Livent’s actions also fell.

Livent’s guidelines suggest that the lithium industry is “stressed,” said Aleksey Yefremov, an analyst at Nomura Instinet, in a note to customers. The new 2019 guidelines “are a clear sign of a more competitive market” and serve as a “warning signal” for lithium producers, he added.

Livent said in its earnings statement that it will sell lower volumes of lithium for the year than indicated above, as the demand for high-performance lithium hydroxide weakens.

The contract portfolio of lithium giant Albemarle Corp. is more defensive compared to Livent, but a similar pattern for earnings is expected when Albemarle reports, Yefremov said.

Albemarle and the Chemical and Mining Society of Chile (SQM) are preparing to open downwards.

Lithium actions fall at Livent “alert signal”
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