Arcadium lithium releases second quarter 2024 results

Philadelphia and perth, australia , aug. 6, 2024 /prnewswire/ -- realized average pricing of $17,200 / product metric ton for lithium hydroxide and carbonate in the second quarter tracking towards high end of $60 to 80 million cost savings guidance in 2024 and accelerating further cost reductions projecting a 25% increase in combined lithium hydroxide and carbonate volume in both 2024 and 2025 versus the prior year reducing capital spending by ~$500 million over next 24 months in response to current market conditions arcadium lithium investor day scheduled for september 19 th arcadium lithium plc (nyse: altm, asx: ltm, "arcadium lithium" or the "company") today reported results for the second quarter of 2024. second quarter highlights second quarter revenue was $255 million and reported attributable gaap net income was $85.7 million, or 7 cent per diluted share.
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