Allkem and Livent complete merger of equals

Photo: Pixabay

Australian Allkem Ltd has merged with US-based Livent to create Arcadium Lithium.

Prior to the completion of the merger, Allkem was an ASX and TSX-listed Australian public company limited by shares, subject to disclosure and other requirements of the ASX and the TSX. Allkem is now a wholly owned subsidiary of Arcadium Lithium.

Arcadium Lithium will become a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people’s lives and accelerate the transition to a clean energy future.

The merged group, with a workforce exceeding 2,600, recorded combined revenues of approximately $1.9bn (A$2.84bn) in 2022. 

Arcadium Lithium will thus become one of the world’s largest integrated lithium chemical producers. 

Trading of Arcadium Lithium ordinary shares has commenced on the New York Stock Exchange (NYSE) under the ticker “ALTM”.