Arcadium Lithium Reports Q4 and Full-Year 2024 Financial Results Ahead of Rio Tinto Acquisition

Arcadium Lithium has released its fourth quarter and full-year 2024 financial results, following the announcement of its pending acquisition by Rio Tinto in October 2024. Due to the ongoing transaction, the company has withdrawn its prior financial guidance and will not provide guidance for 2025. Arcadium Lithium also opted not to hold an earnings conference call for this period.

In the fourth quarter, the company reported revenue of $289.0 million and an attributable GAAP net loss of $14.2 million, or 1 cent per diluted share. Adjusted EBITDA was $73.7 million, supported by higher lithium product volumes and cost reductions, though offset by lower average realized pricing. Total sales volumes rose 56% on an LCE basis compared to the third quarter, reflecting contractual commitments and seasonal demand.

Average pricing for lithium hydroxide and carbonate declined to $15,700 per metric ton, compared to $16,200 in the previous quarter. Spodumene pricing also dropped, while lithium hydroxide prices remained stable due to customer mix and long-term agreements.

For the full year, Arcadium Lithium posted revenue of $1,007.8 million, with attributable GAAP net income of $103.2 million, or 9 cents per diluted share. Adjusted EBITDA was $324.5 million, with lithium carbonate and hydroxide sales increasing, though lower spodumene production at Mt Cattlin impacted overall volumes. Average realized pricing declined across all lithium products in response to weaker market conditions.

CEO Paul Graves emphasized the company’s ability to navigate challenging market conditions while maintaining flexibility and operational efficiency. He noted that the pending acquisition by Rio Tinto presents an opportunity to accelerate expansion plans and further strengthen Arcadium Lithium’s position in the market.