Livent completes lithium hydroxide expansion
Livent has opened what will be the first of several major expansions of its operations around the world Bessemer City, North Carolina. The company has increased lithium hydroxide production capacity by 50% to address growing demand for electric vehicle battery materials. The company added aided by long-term growth opportunities and downstream incentives from the recently enacted Inflation Reduction Act, which encourages use of lithium produced or processed in North America.
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