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Livent: Lithium Upside

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  • Livent Corporation has sold off due to falling lithium prices, but offers upside potential from the demand for EVs and new mining assets.
  • The stock is already cheap, with a market cap of $3.7 billion, and trades at only 6x EBITDA targets.
  • The merger with Allkem Limited provides cost synergies to further boost profits.
Even as lithium prices fall, Livent Corporation (NYSE:LTHM) has become exceptionally cheap. The stock has fallen from a recent high of nearly $30 to below $18, but the opportunity is to ride potential future lithium shortages higher. My investment thesis is Bullish on the lithium miner, while the merger with Allkem Limited (OTCPK:OROCF) provides more upside from a boost to profits.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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