Caixin
Feb 12, 2019 07:07 PM
BUSINESS & TECH

Despite China’s Slowdown, Lithium Producers Likely to Charge Ahead

A Livent Corp. banner hangs in front of the New York Stock Exchange on Oct. 11 during the lithium producer’s initial public offering in the U.S. Photo: VCG
A Livent Corp. banner hangs in front of the New York Stock Exchange on Oct. 11 during the lithium producer’s initial public offering in the U.S. Photo: VCG

While a leading U.S. lithium producer blamed China’s slowing economy on its failure to secure contracts with customers, analysts remain upbeat about the industry’s prospects as China looks to forge ahead with becoming an electric-vehicle powerhouse.

Shares in the New York-listed Livent Corp. plunged by 8% in after-hours trading on Monday night after the company revealed it had struggled to secure contracts with customers in China, the biggest market for the key component in electric-vehicle batteries.

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