12 Biggest Lithium Stocks to Buy According to Hedge Funds

Page 5 of 11

7. Arcadium Lithium plc (NYSE:ALTM)

Number of Hedge Fund Holders: 17

Arcadium Lithium plc (NYSE:ALTM) is a chemical company that produces lithium chemicals for electric vehicles and portable electronics. Formed through the merger of Allkem and Livent in January of last year, the company provides high-purity lithium metal, butyllithium, lithium hydroxide, and lithium carbonate, which are essential for the electronics, electric car, pharmaceutical, and polymer industries.

Arcadium Lithium plc (NYSE:ALTM) reported third-quarter revenue of $203.1 million, attributable net income of $16.1 million, and adjusted EBITDA of $42.9 million. Despite lower market prices and volumes for some products, the company maintained an average lithium price of US$16,200 per metric ton. This figure is down slightly from the previous quarter, owing to slower demand and delays in expanding lithium carbonate production at Argentina’s Olaroz project.

Page 5 of 11