PHILADELPHIA, June 30, 2021 /PRNewswire/ -- Livent
Corporation (NYSE: LTHM) today published its latest annual
Sustainability Report. The report details the company's
progress in 2020 along its sustainability journey and reaffirms its
commitment to environmental protection, social responsibility and
greater transparency. Key ESG metrics in the report were
reviewed and assured by third-party ERM Certification and
Verification Services (ERM CVS), and the content satisfies more of
the requirements of leading disclosure frameworks.
President and CEO of Livent, Paul
Graves, commented, "Despite the difficulties of the global
pandemic, we made significant strides to advance our sustainability
strategy and program, including setting bold new goals and
improving our ESG performance and reporting in key areas. Our
ongoing efforts are underpinned by the belief that the
responsibility to operate in a safe, ethical, socially conscious
and sustainable manner is a fundamental obligation of our right to
operate – and essential for the viability of our business. We
will continue to challenge ourselves to help move the lithium
industry forward and power progress for a brighter, more
sustainable future."
Livent's 2020 Sustainability Report, with the theme of
Powering Progress, can be downloaded from the Sustainability
section of livent.com
About Livent
For nearly eight decades,
Livent has partnered with its customers to safely and sustainably
use lithium to power the world. Livent is one of only a small
number of companies with the capability, reputation, and know-how
to produce high-quality finished lithium compounds that are helping
meet the growing demand for lithium. The company has one of the
broadest product portfolios in the industry, powering demand for
green energy, modern mobility, the mobile economy, and specialized
innovations, including light alloys and lubricants. Livent employs
more than 900 people throughout the world and operates
manufacturing sites in the United
States, England,
India, China and Argentina. For more information,
visit Livent.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
Certain statements in this news release are forward-looking
statements. In some cases, you can identify these statements by
forward-looking words such as "may," "might," "will," "will
continue to," "will likely result," "should," "expect," "expects,"
"intends," "plans," "anticipates," "believe," "believes,"
"estimates," "predicts," "potential," "continue," "could,"
"forecast," "future," "is confident that," "plans," or "projects,"
the negative of these terms and other comparable terminology. These
forward-looking statements, which are subject to risks,
uncertainties and assumptions about Livent, may include projections
of Livent's future financial performance, Livent's anticipated
growth strategies and anticipated trends in Livent's business,
including without limitation, our capital expansion plans, the
development of the Nemaska project and statements about Livent's
recent stock offering. These statements are only predictions based
on Livent's current expectations and projections about future
events. There are important factors that could cause Livent's
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements. Currently, one of the most significant factors is the
adverse effect of the current coronavirus ("COVID-19") pandemic on
our business. The ultimate extent to which COVID-19 impacts us will
depend on future developments, which are highly uncertain and
cannot be predicted with confidence, including the scope, severity
and duration of the pandemic, the actions taken to contain the
pandemic or mitigate its impact, and the direct and indirect
economic effects of the pandemic and containment measures, among
others. Additional factors that could cause Livent's actual
results, level of activity, performance or achievements to differ
materially from the results, level of activity, performance or
achievements expressed or implied by the forward-looking statements
include a decline in the growth in demand for electric vehicles;
volatility in the price for performance lithium compounds; adverse
global economic conditions; competition; quarterly and annual
fluctuations of our operating results; risks relating to Livent's
planned production expansion and related capital expenditures,
including any further suspension of our expansion efforts; the
potential development and adoption of battery technologies that do
not rely on performance lithium compounds as an input; liquidity
and access to credit; reduced customer demand, or delays in growth
of customer demand, for higher performance lithium compounds; the
success of Livent's research and development efforts; risks
inherent in international operations and sales, including
political, financial and operational risks specific to Argentina, China and other countries where Livent has
active operations; customer concentration and the delay or loss of,
or significant reduction in orders from, large customers; failure
to satisfy customer quality standards; fluctuations in the price of
energy and certain raw materials; employee attraction and
retention; union relations; cybersecurity breaches; our ability to
protect our intellectual property rights; the lack of proven
reserves; legal and regulatory proceedings; including any
shareholder lawsuits; compliance with environmental, health and
safety laws; changes in tax laws; risks related to our separation
from FMC Corporation; risks related to ownership of our common
stock, including price fluctuations and lack of dividends; events
outside our control that could prevent us from achieving our
sustainability goals; as well as the other factors described under
the caption entitled "Risk Factors" in Livent's 2020
Form 10-K filed with the Securities and Exchange Commission on
February 26, 2021 and our subsequent
Forms 10-Q filed with the Securities and Exchange Commission.
Although Livent believes the expectations reflected in the
forward-looking statements are reasonable, Livent cannot guarantee
future results, level of activity, performance or achievements.
Moreover, neither Livent nor any other person assumes
responsibility for the accuracy and completeness of any of these
forward-looking statements. Livent is under no duty to update any
of these forward-looking statements after the date of this news
release to conform its prior statements to actual results or
revised expectations.
Media contact: Juan Carlos Cruz +1.215.299.6170
juan.carlos.cruz@livent.com
Investor contact: Daniel Rosen +1.215.299.6208
daniel.rosen@livent.com
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SOURCE Livent Corporation