off-the-wire

Livent quarterly profit jumps on rising lithium prices

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 2 (Reuters) - Lithium producer Livent Corp reported a jump in second-quarter profit and raised its annual forecast on Tuesday, citing rising prices and sales of the metal used to make electric vehicle batteries.


The company, which has deals to supply the battery metal to General Motors Co , Tesla Inc and BMW , posted net income of $114.8 million, or 55 cents per share, compared to $53.2 million, or 28 cents per share, in the year-ago period.


(Reporting by Ernest Scheyder)

+1-713-210-8512; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.