07
Aug
14:57
Arcadium Lithium forecasts higher sales, delays expansion plans
Chemicals company Arcadium Lithium is projecting higher sales and looking to save $500 million by delaying expansion plans amid lower demand for lithium.
Full-year revenue is estimated at $1.1-1.2 billion based on average market prices of $12,000-15,000/tonne of lithium carbonate equivalent. Adjusted earnings are forecast at $380-470m, Kallanish learns.
In Q2, the company reported an average realised price of $17,200/tonne for combined lithium hydroxide an…
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