Livent CEO sees 'difficult environment' for lithium industry [Reuters]
Livent Corporation (LTHM)
Last livent corporation earnings: 2/20 04:15 pm
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Source: Reuters
Livent CEO sees 'difficult environment' for lithium industry - Reuters 1 Min Read (Reuters) - The lithium industry is working through “difficult” times due to low prices for the battery metal and global oversupply concerns, Livent Corp ( LTHM.N ) Paul Graves said on Wednesday. “It’s a difficult environment to do business,” Graves said in an interview. “We’re focused on long-term relationships with our customers, understanding what they need this year and next year.” The company late Tuesday cut its full-year revenue and earnings forecast as it decided to delay shipping lithium hydroxide to customers until they need it in 2020. Reporting by Ernest Scheyder; Editing by Chizu Nomiyama All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Livent CEO sees 'difficult environment' for lithium industry (Reuters) - The lithium industry is working through “difficult” times due to low prices for the batt
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