Lithium leader warns of more pain

US lithium producer Livent Corporation’s New York shares tumbled nearly 14% in after-market trading Tuesday as the lithium price blues continued to weigh on cash-strapped industry participants.

Lithium leader warns of more pain Lithium leader warns of more pain Lithium leader warns of more pain Lithium leader warns of more pain Lithium leader warns of more pain

Livent is re-evaluating its capital expansion plans in the wake of soft market conditions

Livent expects lower lithium pricing to persist through most of 2020, with the average realised price for lithium hydroxide in 2020 anticipated to be "low-to-mid-teens per cent lower than 2019".

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