A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
Reporter
Weston Hetland’s tractor sales soared during the pandemic and the war in Ukraine, but the buoyant years are in the past— rising interest rates and falling commodity prices are cooling the agriculture machinery market.
Livent is not known as a cutting-edge company, but it is the only one using a technology likely to define the next decade of lithium production.
Lithium producer Livent will earn less money than it expected this year as import restrictions and a lack of skilled labor have delayed its critical mine expansions.
Lithium companies Livent and Allkem are moving ahead with a merger that would position the combined company to be the world’s third-largest producer in the market.
Falling lithium prices have sunk shares of major companies, but industry fundamentals are strong due to growing demand for electric car manufacturing
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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