Livent announced that it was reviewing its plans for capacity expansions with slower than anticipated lithium hydroxide demand growth which has left the company with inventories moving into the new year.
The company announced it would be carrying 4,000 tonnes of inventory into 2020, the equivalent of just over 10% of its total 2019 output according to the Benchmark Minerals Lithium Forecast.
The company is still confident in its 2020 guidance, forecasting hydroxide volumes of up to 26,000 tonnes and also confirmed plans to purchase 7,000 tonnes of lithium carbonate to support its hydroxide targets for next . . .