Hyperdrive
As Electric Cars Multiply, This IPO Will Test Big Lithium Value
- Spinoff would create first major U.S.-listed lithium pure-play
- Other lithium makers may follow suit with their own listings
Why Electric Cars Aren't Taking Over Yet
This article is for subscribers only.
How much is a lithium business really worth? Enthusiasts of the metal used in rechargeable batteries are about to find out.
FMC Corp. is looking to separate its lithium assets and list a portion of the shares in October, before providing the remainder to FMC shareholders within six months, the Philadelphia-based company said Thursday. It’s set to be the first U.S. initial public offering by a major lithium pure-play.