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Arcadium Lithium initiated with an Outperform at RBC Capital

RBC Capital analyst Kaan Peker initiated coverage of Arcadium Lithium with an Outperform rating and $4 price target. The stock offers investors the most vertically integrated and diversified lithium and chemical exposure across the firm’s coverage, the analyst tells investors in a research note. The company provides “compelling production growth” namely from a world-class asset base of high quality brine operations, and RBC believes Arcadium will increase lithium carbonate equivalent production from 61kt in 2023 to 142kt in 2027 – a 5-year CAGR of 23%, resulting in earnings tripling over the period, the firm added.

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