Livent Corp (LTHM)

[TradingCharts]

WATER
Our Argentine operations require fresh water. We have water
rights for the supply of fresh water from the Trapiche aquifer,
from which water is pumped through a battery of wells to our
facilities. We and the Catamarca province regularly monitor the
water and salinity levels of the aquifer.
We only had to temporarily suspend water extraction once, in
January 2015, due to a dispute with the Catamarca province,
and our access to our water source was quickly restored. We
also regularly evaluate supplemental supplies of fresh water.
The grant of water concessions and other water rights is subject
to local governmental approvals, the timing and availability of
which are uncertain and may be subject to delay or denial.
In October 2015, MdA entered into a water trust agreement
with the Catamarca province that was amended in 2018. Under
the amended trust agreement, MdA is obligated to pay into the
trust an amount equal to 1.2% of its annual sales (calculated
using the methodology used to determine the monthly royalty
payments described above in the “Mineral Concession Rights”
subsection to this Item 1), in lieu of any water use fees. These
payments are fully reflected in our financial statements

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LTHM_2021.pdf