Livent Corp (LTHM)

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Page 13 SEASONALITY

Our operations in Argentina are seasonally impacted by
weather, including varying evaporation rates and amounts of
rainfall during different seasons, which can be heavy at times.
These changes impact the concentration in large evaporation
ponds and can have an impact on the downstream processes
to produce lithium carbonate and lithium chloride. Heavy rainfall
can damage pond liners, lead to loss of product, and make
the ponds generally difficult to maintain. Our operations team
continuously measures pond concentrations and models how
they will change based on operating decisions. Our processes
use proprietary and traditional technologies to minimize the
variation of concentrations at the inlet to our plants. There was
an abnormally large rain event in both the first quarter of 2019
and during the last quarter of 2021. These resulted in reductions
in lithium carbonate production of approximately 1,000 MT in
2019, and approximately 500 MT in 2021.

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