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2022-05-05

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Lithium for EVs Stays Hot. Livent Stock Surges After Strong Earnings, Guidance

The lithium business is hot. Thank electric vehicles. And stock in lithium miner Livent is surging a

Lithium for EVs Stays Hot. Livent Stock Surges After Strong Earnings, Guidance

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But when spot is above contract, contract renewal prices move higher.</p><p>Lithium miner Albemarle <a href=\"https://laohu8.com/S/ALB.UK\">$(ALB.UK)$</a> reports earnings after the close on Wednesday.</p><p>Coming into Wednesday trading, Livent stock was down about 10% year to date. Albemarle stock has dropped about 16%</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lithium for EVs Stays Hot. 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Livent Stock Surges After Strong Earnings, Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-05-04 22:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The lithium business is hot. Thank electric vehicles. And stock in lithium miner Livent is surging after the company&#39;s strong outlook impressed investors.</p><p>Livent (ticker: LTHM) shares are up almost 23% in early Wednesday trading. The S&amp;P 500 and Dow Jones Industrial Average are up about 0.4% and 0.3%, respectively.</p><p>Livent reported earnings per share of 21 cents on sales of $143.5 million. Wall Street was looking for EPS of 13 cents on sales of about $140 million. 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But when spot is above contract, contract renewal prices move higher.</p><p>Lithium miner Albemarle <a href=\"https://laohu8.com/S/ALB.UK\">$(ALB.UK)$</a> reports earnings after the close on Wednesday.</p><p>Coming into Wednesday trading, Livent stock was down about 10% year to date. Albemarle stock has dropped about 16%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LTHM":"Livent Corp."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2232071218","content_text":"The lithium business is hot. Thank electric vehicles. And stock in lithium miner Livent is surging after the company's strong outlook impressed investors.Livent (ticker: LTHM) shares are up almost 23% in early Wednesday trading. The S&P 500 and Dow Jones Industrial Average are up about 0.4% and 0.3%, respectively.Livent reported earnings per share of 21 cents on sales of $143.5 million. Wall Street was looking for EPS of 13 cents on sales of about $140 million. Earnings helped, but the outlook is doing more for shares.For the full year, Livent now expects earnings before interest, taxes, depreciation, and amortization, Ebitda, of about $320 million on sales of almost $800 million. 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