Livent Corp (LTHM)

[TradingCharts]

Livent warns of lithium roadblock to rollout of electric cars.
NOVEMBER 19 2022

Livent warns of lithium roadblock to rollout of electric cars
CEO says supply crunch will hit cheaper models hardest as manufacturers prioritise more profitable vehicles

“If you take those forecasts of demand or conversion of sales, then we can never expand lithium supply quickly enough to catch up,” he told the Financial Times. “We see no situation where there will be enough lithium to supply all the corners of demand.”

Graves, whose company is a supplier to Tesla, General Motors and BMW, warned that the problem meant it would take longer than policymakers expect to phase out internal combustion engine cars, and that “low-cost vehicles will be the challenge”.

https://www.ft.com/content/511e45e0-fd87-4197-b690-a03597d62768