Lithium Industry Finally Pulls Off a Multibillion-Dollar Deal
Livent seized on a slump in prices to snap up Allkem, and strategically they’re a near-perfect fit.
Brine evaporation pools at a lithium mine project near Fiambala in Argentina.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Jacob Lorinc studies the rationale behind the Livent-Allkem tie-up. Meanwhile, Europe’s drier future means more battles over scarce water. To get this newsletter sent straight to your inbox, you can sign up here.
After months of talking about big lithium deals, a bone fide, multibillion-dollar merger finally emerged this week with the announcement that US-based Livent Corp. has agreed to combine with Australia’s Allkem Ltd.