Livent ($LTHM) and General Motors ($GM) Sign Long-Term Lithium Hydroxide Supply Agreement

Livent ($LTHM) and General Motors ($GM) have announced a multi-year sourcing agreement in which Livent will supply GM with battery-grade lithium hydroxide made primarily from lithium extracted at Livent's brine-based operations in South America.

Lithium hydroxide is crucial to GM's plans to make higher performance, higher mileage electric vehicles. The lithium hydroxide provided by Livent will be used in GM's Ultium battery cathodes, which will power electric vehicles such as the recently revealed Chevrolet Blazer EV, Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq.

Beginning in 2025, Livent will increasingly supply battery-grade lithium hydroxide to GM from its manufacturing facilities in the U.S., with the goal of transitioning 100% of Livent's downstream lithium hydroxide processing for GM to North America.

Paul Graves, President and CEO of Livent commented, "We are excited to begin this long-term relationship with GM, one of the most iconic brands in the automotive industry and a leading force in the transition to electrification. With a shared commitment to sustainability and responsible operations, we look forward to building a broad partnership that will support GM's electric vehicle strategy, its supply chain goals and the future requirements of its growing EV fleet for reliable, high-performance lithium products."

Livent s a fully integrated lithium company with a rich heritage of innovation and a long, proven history of producing performance lithium compounds. For nearly eight decades, the company has partnered with its customers to safely and sustainably use lithium to power the world.

Shares of Livent trade on the NYSE under the symbol LTHM. For more information visit www.greenstocknews.com

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