Lithium producer Livent Corporation said rising demand was behind its reported Q3 net income of $30m, a year-on-year increase of 18%. Nov 5 (Reuters) - Livent Corp, the lithium producer spun off last month from FMC Corp, said on Monday its quarterly profit rose 18 percent due to rising demand for the white metal, a key component of electric car batteries. The company also announced that it had signed an agreement with the US Department of Energy to supply lithium batteries for use in electric vehicles.
Lithium producer Livent Corporation said rising demand was behind its reported Q3 net income of $30m, a year-on-year increase of 18%. The company also announced that it had signed an agreement with the US Department of Energy to supply lithium batteries for use in electric vehicles.