E92: Rising Up. Arcadium Lithium’s Paul Graves
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- Опубликовано: 6 авг 2024
- Paul Graves is a "CEO To Watch" in 2024 following his orchestrating the #Lithium industry's most significant merger since Albemarle merger with Rockwood - combining Livent & Allkem into a globally significant producer and developer of lithium carbonate, hydroxide and specialities from Tier One brine and hard rock assets in Argentina, Quebec, Australia, USA, China and Japan for the world's most important customers including #Tesla, GM, Ford, BWM and Toyota.
INDEX:
00:00 - Howard introduction/Arcadium's first 5 years since IPO
00:05:26 - Excerpts from Paul's Fireside Chats at BMO, BAML Conferences and Q4 Earnings Call
00:25:15 - Philadelphia Headquarters, Irish Domicile & First Integrated Board Meeting
00:27:50 - Arcadium's Re-investment Price, WACC & Hurdle Rates
00:31:00 - Capital Costs, Strategy
00:33:59 - Market Volatility, Pricing
00:39:03 - Argentina Solves Short Carbonate Issue?
00:40:28 - Technical Grade Shift, Sales
00:43:22 - Sal de Vida, Transport
00:45:39 - Naraha Hydroxide
00:50:50 - Third-Party Chloride?
00:54:11 - $30M investment in Energy Source Minerals/ILiAD DLE.
00:58:57 - Quebec Strategy Analysis - Nemaska, James Bay.
01:04:36 - Ford Nemaska Deal
01:07:30 - Arcadium's OEM Financing Plans
01:10:35 - Ioneer Technical Grade Carbonate strategy
01:25:51 - Butyllithium & Lithium Metal Business Stability
01:16:28 - Technical Grade Carbonate Future
01:19:11 - China Advantage. IRA Compliance
01:24:06 - Lithium Industry's Second Mover Advantage
01:26:50 - Quebec Lithium Industry Interest
01:29:33 - Lithium Industry Supply Chain Focus
01:34:04 - Project Delivery Accountability
01:37:56 - Lithium Market Trends Analysis
01:43:04 - Rising Lithium Industry Costs
01:46:07 - Arcadium's Credit Rating Approach
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Links 🌍
Bank of America fireside chat: bofa.veracast.com/webcasts/bo...
BMO fireside chat: ir.arcadiumlithium.com/invest...
Arcadium Q4 Conference Call: ir.arcadiumlithium.com/invest...
Lithium Royalty Corp: lithiumroyaltycorp.com/home/d...
RK Equity Website: rkequity.com/
Patreon: / rockstockchannel
Podcast:
Apple Podcast: podcasts.apple.com/us/podcast...
Spotify: open.spotify.com/show/0KiMIZO...
X (Twitter):
Howard: / lithiumionbull
Rodney: / rodneyhooper13
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DISCLAIMER
NOT INVESTMENT ADVICE. DO YOUR OWN RESEARCH
Rodney and Howard are not financial advisors nor broker-dealers, this video is for information purposes only and should not be considered investment or financial advice. Please do your own independent research and read the disclaimer at the end of the video or on RK Equity’s website www.rkequity.com
Intro and outro audio credit: Jamie Klein 
Авто/Мото
This is a great interview.. possibly the best CEO interview of any lithium company to date. Well done gentlemen.
THANK YOU. We put a lot of effort into it and Paul was generous with his time and answers
This interview blew my mind on multiple occasions. I’ll be listening to this one more than once.
🔥glad you like it!
Fantastic. As a retail shareholder (from Germany) of Livent and now Arcadium I have to thank you for the interview. It's a rare opportunity to get that good in dept information from a CEO.
Appreciate the comment! He was generous with his time and answering all our questions. Hope to do it again in another 6 months or so!
Awesome interview, way more informative than the earnings calls. Appreciate y'all asking all the detailed questions about Arcadium.
Thanks for the comment. We prepared a lot for this one!
Your best presentation to date, not only from your guest input but also your research and articulation. Well done
THANK YOU
Mr Graves comes across as very professional, competent, credible and very environmentally aware in his statements.
Great works guys ! Awesome content and interview. Gday from Australia!
Thanks. Appreciate the comment.
very knowledgeable about the industry - I like that. I'll be investing in ALTM as a result of this interview.
Glad you liked it. Best of luck!
Competent and credible😏
"If Glencore could find someone to convert this chloride product into carbonate, they would be very, very grateful..."
Reminder: Glencore invested last year in a 400 million deal with Eramet Centenario-Ratones Lithium Project in Argentina.
Excellent interview. So many insights. You guys did a great job - much appreciated. Paul comes across very open and straight up in his responses. Nice to see as a long term gxy, ore and lthm holder now all rolled into the one boat that he’s steering :)
thanks. Appreciate the comment
Nothing anyone hasn’t already said. Excellent interview. Excellent guest.
Thanks
Just when I thought I’d learnt a lot about the industry…. 🤯
Paul has a lot of great knowledge to share
The second time I listened to this interview I got a lot more out of it. The disparity between capital investment of a lithium hydroxide refinery in China to the US should really be ringing alarm bells. However, the real demand is for Lithium Iron Phosphate batteries LFP. Why muck about if you claim you have the expertise then build a refinery to convert the lithium chloride to lithium carbonate. This is what Vulcan must achieve in Germany else there is no lithium carbonate being produced in Europe. Too many unanswered questions in the entire supply chain and again I go back to Albemarle and conclude they are really dragging the chain. Too many vested interests in maintaining the $2 trillion US/Canada Oil and Gas Industry is hurting the development of green technologies. Thanks for the great questions in the interview.
Thanks for your comments p
Credible and serious😇
Mr. Graves: Is it correct that an investigation by the Argentine customs authority found that Livent caused a loss of 8 million US dollars in export duties between 2018 and 2019 (Paul Graves CEO since 01 May 2018) and was fined 6.7 billion pesos for this reason?
Saludos desde Argentina, desde Jujuy provincia donde se encuentra la planta del litio. Una de las mejores entrevistas que he visto. Los felicito!!!! Mi esposo trabaja para la Arcadium. Saludos a todos!! Éxitos 😊
Gracias
Environmentally conscious, competent and brilliantly logical🤔
Is in „Guemes“(100 km away) more water available where it is converted to carbonate?
Environmentally conscious and competent🤭
In any pond project, including a hybrid solution, virtually all the brine has evaporated and therefore cannot be re-injected.
Reminder: Arcadium uses at Fenix-project a hybrid process consisting of pre-concentration in evaporation ponds and subsequent injection into an absorption DLE system.
Environmentally conscious and competent😂
Arcadium uses at Fenix-project a hybrid process consisting of pre-concentration in evaporation ponds and subsequent injection into an absorption DLE system.
Mister Graves: The following question may be asked: How much fresh water is required in the DLE process from Arcadium to produce lithium carbonate from chloride? Much more or less than in chloride production?
🔥🔥💰
Phenomenal interview! Can Rock Stock do a similar interview with SQM?
Thanks. Maybe! We may reach out
Imo eventually LFP cells will be made in US and milei will get FTA with US. If those 2 things happen, i can see why Arcadium would focus on hard rock conversion in quebec rather than expanding NC conversion right now. Could then sell Argentina carbonate directly and use hard rock for hydroxide.
Good points.
competent🙃
Quote: „ Its basically salt water …“ This opinion is probably pretty exclusive
The fact the a company is sponsoring others to advertise their stock if a major red flag.
Good interview tho.
Who is Arcadium sponsoring? Not us!
very professional
he discredits the strategy of named competitors with flimsy arguments
humm Questionable approach..... Stable earnings = hasn't got Livent anywhere (SP less than Listing). Paul needs to do something different to what he has always done. lucky they picked up Alkem dirt cheap!
The merger makes sense. The valuation was fair IMO - consider how mt Cattlin earnings have deteriorated. He now has new board with many aussies who are more entrepreneurial than Paul has been to date, so I expect you’ll see a bit more risk taking. He commented that legacy Livent approach protect downside in down markets, Allkem offers uoside in higher priced environments. Let’s see. I’m hopeful next 3-5 years Arcadium outperforms relative to last 5 years underperformance
@@RockStockChannel Board - That's good to hear. Overall great interview Howard and its valuable for me as a shareholder to hear Paul speak in depth. They have good assets and if managed well should be able to outperform their piers. James Bay was a gem in my view and undervalued in the merger.
@@raceyamates5435 agree on James bay for sure. Was surprised how low this was valued by kroll relative to Nemaska
Competent and credible🤓
"If Glencore could find someone to convert this chloride product into carbonate, they would be very, very grateful.
Mariana project: Ganfeng Lithium’s chloride plant, the salt field facility, will produce 20,000 tons of lithium chloride annually.
Arena Minerals and JV partner Ganfeng are developing the Sal de La Puna project in Argentina. The brine project envisages the production of >30 % lithium chloride (LiCl) directly from evaporation ponds transport to Lithium Argentina at Salar de Cauchari