LiventLivent Corp. and Allkem Ltd. have obtained all requisite shareholder approvals necessary to complete the merger of equals transaction previously announced in May. The two companies expect to close the merger on January 4, 2024, and begin operating under the name Arcadium Lithium plc.

“The strong support of Livent and Allkem shareholders for this transformational merger is a testament to the compelling value proposition of Arcadium Lithium,” said Paul Graves, president and CEO of Livent and future CEO of Arcadium Lithium. “We look forward to closing the merger and pursuing the opportunities to create greater long-term, sustainable value for all of our stakeholders.”

Livent said it 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. Based in Philadelphia, USA, the company operates manufacturing sites in the USA, England, China and Argentina. Headquartered in Buenos Aires, Argentina, Allkem’s portfolio includes lithium brine operations in Argentina, a hard-rock lithium mine in Australia and a lithium hydroxide conversion facility in Japan.