select conditions carbonate business I our good perspective lithium followed in XXXX I and conclude quarter our lithium providing everyone. market and on by his data, financial Today, City. review revised on Thank review will also on Gilberto have our will XXXX second and Bessemer you, by impacted update our specific expansion views factors Argentina and will guidance. review to ongoing results capacity Livent’s current in hydroxide Rasmus, of I how quarter certain performance. morning, After first full-year an
Let start on performance with QX me starting Slide X.
as the of had and quarter. higher a for in previously performed and with line sustained rains adjusted EBITDA the levels with business approximately we'd we in hoped Our guidance Operationally, usable with to concentration of took adjusted largely that ended we levels. as longer range. expected lost revenue, lithium was This production January, EPS than than pond in return up expected period carbonate unfavorable to weather quarter in X,XXX during following it our Argentina first heavy late tons
effect annual lithium line quarter, produce tons. into production China than It discuss to in to larger brought costs, originally carbonate the We QX our more hydroxide hydroxide XX,XXX in I'll third planned. to have immediately we once carbonate did, back This the of were rates in However, to production they and top rates as on quarter costs full that at range. an of the to our operating we end daily impact production shortly. purchased taking during a a around have had China lost total on will use which historical continue we capacity achieve are
customers is bring across helping flexibility consistent line that It with us are regions. lines. in reliably producing locations product our us supply that lines multiple across from other produce disability to hydroxide that chains We greater multiple and is produced already to to this and is consistent enabling supply
X. Slide to Turning
higher lower with to $XX.X year-over-year production million costs sales lithium in hydroxide, Argentina, the mix carbonate XXXX. for quarter our Our the guidance. to lower of compared and EBITDA the year-over-year customer reduction adjusted was in adjusted are in due QX EBITDA line volumes drivers Unfavorable in
further Slide the vehicles. onto This the of Livent, China, short-term overview many profitability of producers. a in the QX meeting for full-year XXXX, safety window these cathode This their QX The frame increasingly outlook placing few the recent offset cathode being facilities the the further conversations on will with created catalog investment cathodes X In existing need will and which current are production of provides large delay especially the XXXX large established chemistries has has the and during making is that both of customers. scale to most to OEMs an clear manufacturers and meet relevant next-generation require by a to clear. to The used battery chemistries. cathodes to customers, and to becoming of changes is which our To and increasing challenge next-generation reinforced Of of result been our of it is and manufacture is to for conditions batteries older demands. incentive help chain high-nickel with to provide electric in performance volumes across global battery guidance. several to the turning our continue commit these established of requirements the of cathode of transition, becoming investments this OEM Before but higher high-nickel their the nickel chemistries Livent, higher auto of chemistries and that lithium intern increasingly lower improve materials. production processes are a in the structures introduction detail producers these in under delay large capital high-nickel additional cathode material market
chemistries lithium of carbonate hydroxide. either can't older many use lithium or these However,
by in now requirements This is lithium the performance it's impactful is the does carbonate these particularly hydroxide have price the that of grade is Australia. as we've where lower carbonate startups sold China, of equivalent. these relative lower premium performance This pricing conversion facilities result that applications in spodumene patterns located. Livent spodumene as consistent many the such generate It consumers priced of applications, same concentrate the in well a oversupplied high-nickel high today over the an And not in applications. lithium As lithium the in with in to seen clear historically. situation [Indiscernible] near-term. majority as is are spodumene position mine as
are China carbonates in Today, lithium converter lowest prices, market and These production Reports cost in price indicate this bias a spodumene condition conditions non-integrated recent these of view. China. lithium down. marginal to delaying of pricing factors therefore support carbonate are reports see of weaker for As carbonate in published purchases they resulting pushing carbonate the prices stable today. China of are in
longer-term share driver now and industry. our demand continues me you the adoption of future the demand hydroxide The important across be most of indicators supply to vehicles. the Let electric broad for with lithium
key first for of two track to sales XXXX of vehicles quarter vehicles indicators that be of XXXX than EV quarter, In as continued XXX,XXX first electric compared adoption more Global of during set; positive. to XX% doubled we QX versus of increased the During a vehicles vehicles. the China, passenger the to sold electric quarter. total the XXX,XXX
need XX use late larger typically onwards. will track for slated these energy from with see with path also XXXX and electric of leading significantly model a majority The an indicator higher model we batteries. stated or future demand. Today higher vehicles launches higher kilowatts confirm increase batteries, of of ranges We launches a density a now level towards in new new newer the as that launches
MCN the density discussions delivering vehicles, few will we cathode the manufacturers facilities, next-generation already based. hydroxide that increasing manufacturers of performance During hydroxide or involve suppliers processes from OEMs, and seeing batteries the these These also capable chemistries. from these high past it specific the and the more to supporting to energy MCA requirements quarters technical requirements strategy become with auto aren't by of quality tightening that has research higher significantly and based us challenging the customers. of and longer lithium long-term are on clear for captures nickel and backbone battery electric are high-nickel whether expected of qualification the is become higher for The view Livent’s lithium chemistries, increasingly solution is
estimates stuck seeing terms there have industry limited With from share XX,XXX carbonate Once today lithium cost well production economics these brine-based production let any than background, to discuss of Slide economically American of account, their of into ability announcing operation, Many new we short-term South been must available to development we we conditions current have seen cost respect of has costs resources, me primary of XXXX. this number a rock removed second across let new announcements the in we as lithium market we overruns estimate delays and in increase as cost production price need are more me on delays quarter lack sources. in producers the hard the carbonate while of currently technical new development lowest outlook increasingly of significant With persist, be This as what the If tons supply long increase our expect with today's challenges, with volumes come based to that above to financing timelines viable. will reinvestment Finally, on levels means as rapidly types become of underscores are common. that from supply and higher in would public This the additions. in run financing these taken our projects causes. X. projects the a producers short-term.
range. For we first year. revenue similar performance expected the second $XXX million compared Adjusted expect we quarter, roughly is expect EBITDA the in to flat midpoint with $XX $XX million, our million second the the high last be be to million at level, $XXX quarter of quarter. to to financial broadly a At to
through on our guidance you the on Slide X. EBITDA as set walk me adjusted out details Let
available line volumes hydroxide the lithium China. third higher have will We from in
higher be to of a negative customer lower costs. However, benefits year-ago will the this carbonate mix by relative operating offset period and same sales, the
much differs first been quarter, of seen its the quarter. in customer the lithium second by hydroxide is of roughly and of adjusted that a lower This year. in the in years quarter. our customer. end this We the customer other the Livent have for historically what This pattern mix committed is half during that its of this oversee delivering will more the estimate continues customer volumes half place of Regarding the volumes to from several of more of first we contract than from of mix as the contracted delivery contracts effect year the has one XXXX now any this in volumes first seek driving price to two-thirds large
Furthermore, lithium in are have I to in prices hydroxide net short-term are processes. contracts existing rain be under existing for they largely available than of quarter demand costs, they have excess these of hydroxide volumes certain a This world our world, of the LFP. the such rest suspend into prices for the the their With that some especially make us will shorter primarily operating China the non-recurring China. that we arrangement today in materials delaying impact the will of performance achieved we in by cathode as to their China lower production delay think hydroxide which will on or not products purchases we costs, today. means sales set sold investments China while customers in much high-nickel lower market the will contracted term are hydroxide in earlier expect cathodes of lithium market of the due regard from be additional monthly instead to those Argentina. in the quarter and likely will at remains of Consequently, driven the that quarterly with be basis. is Unlike the rest that sold
costs means The and few material that additional this production evaporating procuring to the meaning inventories to Argentina costs lost One of The operating months carried the arise to from weeks. final In and third-party meet later. manufacturing incur of we the disruption needs. Bessemer or the We is hydroxide carbonate income to lithium every excess costs fixed three for hit carbonate that forward to feed line. to production the not do costs we In having new higher million China, supply cost chain. remainder the quarter City. our insufficient the we not the will the of producing related hydroxide will our from consequences the facilities, a variances not statement lost or were risk in to costs $X making compared VAT increase our having this the production U.S., this costs in carbonate at Africa, Argentina last production year. incur material will to approximately related In in with up be raw lost from
XX,XXX higher and updates $XXX and with previously for to which for larger million between be roughly expected rain third our to essentially lower the less for XXXX lithium the hydroxide of will million X. from to and revised of XXXX on provide existing meet sales to $XXX Adjusted Livent’s expect tons. guidance lithium XXXX. slightly $XXX expected of to to more be order and of forecast customers, compounds we to carbonate high Slide Adjusted outlook plan me our sales as parties revenue explain XXXX lithium hydroxide our we our let have our we means commitments. to January now well expect by be in EPS to operating number Slide the up portfolio carbonate in full-year $X.XX reflecting XXXX tons now X. performance from due help a reduced We in tons to of as XX,XXX mentioned than remain XXXX is $X.XX. demand EBITDA flat let reduced ago Now address to months is sell We average out production production on prices three range range lithium tons, detail to costs. purchase on a XXXX up $XXX customers, sets me expected of first on million full-year committed Based of carbonate To event. realized million internal carbonate expected production our
butyllithium form this high metal. reminder, sold lithium on a it's of the As either in chloride lithium purity chart, the or
Now XX. Slide on
main more reduction compared EBITDA in driving XXXX. as to detail. the The factors explain adjusted me XXXX Let to
metal we offset realizations and on by year to last hydroxide sales. price prices set than for that butyllithium offset realized lithium As averaged slightly expect Higher be butyllithium and above hydroxide. lower in than more will lower This I purity overall be out senior just volumes the average higher carbonate high carbonate year. higher lithium sales lithium by we'll be
kilo to our per hydroxide to be price compared price We per in hydroxide XXXX carbonate The drivers to kilo largest lower. for realized closer average the average XXXX expect around and of for lower reduction. $X $X
short-term and hydroxide them mix lower sold on prices sales in customer China. arrangements Our the
The the Argentina, which XXXX rain us at higher the the to costs. of RMB Argentine of to China expansions. I the Foreign is headwind cost incurred though update on from to the our call will higher purchase compared financial be Sterling as of a year. just financial on implications level detail and capacity the exchange hit revenue for discuss The turn our of to the VAT Peso over give now first and our and the Euro our in of will well and carbonate results exports impact contributors production. are more as cost Gilberto hits to impact the an the half internal in largest in current all
