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...Formed in 2019 as a spin-off from US agricultural chemicals producer FMC Corporation, Livent is seeking to break into the top ranks of lithium companies....
...“Over the past 10 years the top 100 asset managers have been coalescing around a smaller set of technology vendors,” said Alex Heasman of consultancy Alpha FMC, which helps investment managers purchase IT...
...Lithium Americas is planning a mine at Thacker Pass in Northern Nevada, while Australia-based Ioneer USA Corp also wants to build a large mine in southern Nevada, about 530km north of Los Angeles....
...Nevertheless, Rosenbluth welcomed the switch to the more diversified S&P Transportation Select Industry FMC Capped Index....
Japanese trader invests in mining project as electric car battery demand rises
...The company, which was spun out of FMC last year and listed in New York, dropped as much as 23 per cent to $8.28 as investors digested the new forecasts....
...The upcoming New York listing of FMC Corp is poised to test investor appetite for lithium following the sell-off of this key commodity used in electric cars....
...Next week FMC Corp will list its lithium business Livent on the New York Stock Exchange hoping to raise as much as $400m....
...The bank recommended investors buy US producers Albemarle and FMC Corp, predicting their shares could rise by a further 34 per cent and 30 per cent respectively....
...Shares in Albemarle dropped 8 per cent to $116, while FMC Corp fell 5 per cent to $89.22. Two years ago they were trading at $50 and $34 respectively. SQM was off 2 per cent at $58.34....
...The Solactive Global Lithium index not only has lithium makers such as US listed Albemarle and FMC Corp, it also contains carmakers Tesla and BYD....
...Christine Lagarde urges world to ‘de-escalate’ trade disputes Livent IPO FMC Corp’s lithium business Livent aims to raise $100m to help it become a dominant supplier for battery-powered vehicles that rely...
...FMC will produce an additional 4,000 tonnes of lithium hydroxide next year, raising the company’s total global capacity to 18,000 tonnes....
...French oil service company Technip’s shares have shot up 13 per cent following an agreement to merge with US-based peer FMC Technologies....
...Doug Pferdehirt, president of FMC, will become the new company’s chief executive....
...FMC will initially contribute less than a third of the combined group’s profits....
...electrical storage But raw lithium extraction is geographically concentrated in South America and Australia and dominated by four companies: Chile’s Sociedad Química y Minera de Chile, or SQM, Albemarle, FMC...
...Other oil services companies including Ensco and Noble Corp, the offshore drilling contractors, have relocated to the UK to benefit from its favourable tax treatment....
...Ensco and Noble Corp relocated there in recent years, shifting their tax domicile to the UK, and General Electric in 2013 chose the city as the base for its recently formed oil and gas division....
...FMC also announced between 800-850 job cuts that would help reduce costs by $140m to $160m a year....
...FMC Lithium says it is in continuous sourcing discussions with many of the leading electric vehicle manufacturers, including Tesla....
...That production is controlled by a very small number of companies, led by Albemarle, FMC and Chile’s Sociedad Quimica y Minera (SQM) in Chile....
...FMC Technologies of the US and Technip of France in March launched a joint venture called Forsys Subsea, intended to find new ways of bringing offshore oilfields into production....
...Among high risers, FMC Technologies rallied 5 per cent to $50.46, after the largest US provider of subsea gear to the oil and natural gas industry beat expectations for orders last quarter and forecast...
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