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Arcadium Lithium Announced The Recent Signing Of A MoU With Its Long-Time Partner Toyota Tsusho Corporation To Optimize Its Global Integrated Operating Network And To Contribute Its Production Expertise To Naraha, Expected To Have A Positive Impact On...

Benzinga ·  Sep 20 05:04

Arcadium Lithium Announced The Recent Signing Of A MoU With Its Long-Time Partner Toyota Tsusho Corporation To Optimize Its Global Integrated Operating Network And To Contribute Its Production Expertise To Naraha, Expected To Have A Positive Impact On The Co's Earnings And To Be Achievable As Early As 2026

Toyota Tsusho Memorandum of Understanding
Arcadium Lithium announced the recent signing of a Memorandum of Understanding (MoU) with its long-time partner Toyota Tsusho Corporation (TTC), a key initial step in providing greater flexibility for Arcadium Lithium to optimize its global integrated operating network and to contribute its production expertise to Naraha. This includes using technical grade lithium carbonate produced at Olaroz to feed the Company's existing downstream lithium hydroxide network, thus allowing more battery grade lithium carbonate produced at Fénix to be sold directly to customers. This is expected to have a positive impact on the Company's earnings and to be achievable as early as 2026.

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