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Livent CEO sees 'difficult environment' for lithium industry

6th November 2019

By: Reuters

  

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The lithium industry is working through "difficult" times due to low prices for the battery metal and global oversupply concerns, Livent's Paul Graves said on Wednesday.

"It's a difficult environment to do business," Graves said in an interview. "We're focused on long-term relationships with our customers, understanding what they need this year and next year."

The company late Tuesday cut its full-year revenue and earnings forecast as it decided to delay shipping lithium hydroxide to customers until they need it in 2020.

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Edited by Reuters

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