Allkem and Livent to Create a Leading Global Integrated Lithium Chemicals Producer

Allkem and Livent announce definitive agreement to combine in an all-stock merger of equals valuing the combined company at US$10.6 billion (A$15.7 billion)1

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Investor Presentation

Allkem and Livent, two global lithium chemicals companies, will combine their highly complementary range of assets, growth projects, and operating skills across extraction and processing under a vertically integrated business model with the scale and expertise to meet the rapidly growing demand for lithium chemical products.

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Transaction Highlights

Business-Critical Scale

  • A leading global lithium chemicals producer
  • Presence in all three major lithium geographies2
  • Combined lithium deposit base amongst the largest in the world

Value-Adding Vertical Integration

  • Combined exposure to the broadest range of lithium chemical products
  • Low-cost assets and more resilient supply chain to better serve customers
  • Enhanced operating flexibility and efficiency

Accelerated Growth

  • Strong pipeline of advanced projects
  • Highly complementary assets and business models enable acceleration and de-risking of growth projects
  • Estimated ~250ktpa of LCE production capacity by CY’27E3

Expected Combination Unlocks

  • ~$125MM annual run rate synergies
  • ~ $200MM one-time capex savings


  • Leading ESG profile
  • Unwavering commitment to sustainability and responsible growth

The combination of Allkem and Livent is transformational with compelling strategic logic and marks a significant milestone in our efforts to grow the company. We are bringing together two highly complementary businesses to create a leading global lithium chemicals company, building on Allkem’s demonstrated track record of integration. The vertically integrated NewCo will improve delivery of high-quality, value-added products to our diverse customer base and unlock material synergies.

Martín Pérez de Solay

Managing Director & CEO, Allkem

I am excited for what lies ahead as Livent and Allkem combine forces to help power the transition to EVs, cleaner energy and a more sustainable future. We are excited to play a leading role in the acceleration of decarbonization policies by providing the lithium needed to enable this critical global energy shift. As a combined company, we will have the enhanced scale, product range, geographic coverage, and execution capabilities to meet our customers’ rapidly growing demand for lithium chemicals.

Paul Graves

President & CEO, Livent

1Based on the combined market capitalization of Allkem and Livent and a USD:AUD foreign exchange rate of 0.676. The market capitalization of Livent (US$5.1 billion) has been calculated by reference to the closing price of Livent shares on NYSE on May 9, 2023, of US$24.23 per Livent share and 209.5 million Livent fully diluted shares on issue. The market capitalization of Allkem has been calculated by reference to the closing price of Allkem shares on ASX on May 9, 2023, of A$12.83 per Allkem share and 641.5 million Allkem fully diluted shares on issue.
2Geographies include the South America Lithium Triangle, Western Australia, and Canada.
3Combined Allkem and Livent CY2027E Attributable Lithium Production Capacity: Figures shown on a net attributable basis. Combined metric reflects the sum of Allkem and Livent and is shown on an LCE basis per annum. Reflects production capacity of all Livent and Allkem properties. Allkem CY2027E lithium production capacity based on stated capacity for the following assets: Mt Cattlin, James Bay, Sal de Vida Stage 1 and 2, Cauchari, Olaroz Stage I and II (66.5%). Livent CY2027E lithium production capacity based on stated capacity for the following assets: Hombre Muerto (including expansion 1A/1B and 2), Nemaska (50%).