Arcadium Lithium PLC announced impressive first-quarter earnings, revealing an average realized pricing of over $20,000 per metric ton for its global lithium carbonate and hydroxide sales.
CEO Paul Graves noted this exceeded seaborne lithium prices for the period, indicating positive market trends. Platts assessed the lithium carbonate CIF North Asia price at $14,600/t on May 7, the highest level since January 11.
The company remains optimistic, with Graves highlighting encouraging signs in the lithium market and strong underlying demand fundamentals. He specifically noted that:
“Prices have increased from the cycle bottom and appear to have stabilized at levels that are notably higher than what we saw in the last downturn.”

Lithium Lift-Off: Arcadium’s Record-Breaking 1st Qtr
Arcadium’s performance is particularly noteworthy given its recent formation from the merger of Livent Corp. and Allkem Ltd. in January. However, it saw a decline in sales volumes due to production cuts at the Mt Cattline mine in Western Australia.
Still, the company reported a net income of almost $20 million on sales of over $261 million in the first quarter, compared to $115 million income on sales of $253 million in the same period last year.
Arcadium is poised for significant expansion, with plans to complete new capacity constructions and expansions by 2025 and 2026. This effort aims to achieve a total production capacity of 170,000 metric tons annually across its global operations by 2026.

The expansions will increase nameplate production capability by around 95,000 metric tons per year on a lithium carbonate equivalent basis. This includes additions in Argentina, with 25,000 metric tons across the Fénix and Sal de Vida projects, and in Canada, with 70,000 metric tons across the Nemaska and James Bay projects.
Recent milestones include commissioning a 10,000-metric-ton carbonate expansion at Fénix and a 25,000-metric-ton carbonate expansion at Salar de Olaroz in Argentina.
Additionally, expansions are underway for hydroxide production. The company has a 5,000-metric-ton expansion at the Bessemer City plant in the US and a 15,000-metric-ton unit at the Zhejiang plant in China undergoing qualification.
CEO Paul Graves expressed confidence in the company’s growth trajectory, emphasizing their strategic investments in attractive assets across market cycles.
Arcadium’s enthusiasm for lithium, which experts project more expansion in this electric metal’s production, is mirrored broadly in the industry. Statista report estimates the global lithium supply will rise to over 2 million metric tons by 2030.
Resolving Rifts, Reviving Production
In Australia, mining company Leo Lithium has finalized the sale of its remaining stake in the Goulamina lithium property in Mali to China’s Ganfeng Lithium Group, resolving a prolonged dispute with the local government and paving the way for the project to resume production this year.
This agreement marks the second instance in May of an Australian miner resolving disputes with African governments. It resolved AVZ Minerals’ imminent delisting due to a property ownership dispute with the Democratic Republic of the Congo.
Under the deal, Ganfeng will acquire Leo Lithium’s 40% stake in the Goulamina project for US$342.7 million, pending approval from Leo Lithium shareholders and Chinese regulators. This equates to 43 Australian cents per Leo Lithium share. The company’s shares were suspended at 51 Australian cents in September 2023 amid the dispute.
Additionally, Leo Lithium reached a US$60 million settlement with Mali’s junta government. This gives away its offtake right but securing a 1.5% gross revenue fee over 20 years from Ganfeng.
With the Goulamina project set to begin spodumene concentrate production in the 3rd quarter, Leo Lithium emphasizes adherence to Mali’s new mining code. This increases potential government project interest to 30%.
Optimism Amidst Market Challenges
While acknowledging shareholder concerns, industry analysts see the deal as the best outcome amid challenging sovereign and security risks.
For instance, they suggest that despite current caution, the allure of potential returns may eventually prompt investors to reconsider African investments, especially if assets are priced attractively relative to cash flow.
They also underscore the value for Leo Lithium shareholders and Ganfeng’s strategic investment in securing a substantial resource base for future industry growth. More remarkably, they remain optimistic about Australia’s position in lithium asset development, expecting renewed interest as lithium prices recover in the coming quarters and years ahead.

As Arcadium Lithium celebrates unprecedented earnings and Leo Lithium resolves disputes, the lithium market shows signs of robust growth. Analysts remain optimistic, foreseeing a positive trajectory for both lithium companies amidst evolving market conditions.
The post Lithium Priced at Over $20,000 Per Ton Signals Market Optimism appeared first on Carbon Credits.
Carbon Footprint
The Strategic Case for Nature-Based Carbon Investments
Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.
1. Define the sourcing problem before choosing a project
Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.
This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.
CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.
2. Develop nature-based carbon investments around the actual supply chain
The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?
Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.
Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.
The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.
3. Compare the proposal with other ways to protect supply
WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.
The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.
The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.
The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.
4. Establish what the carbon outcome could count toward
Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?
Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.
SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.
For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.
Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.
5. Build a financial case that survives weaker assumptions
Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.
Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.
Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.
A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.
6. Fund a pilot with a clear expansion decision
Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.
Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.
Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.
This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.
Discuss a sourcing opportunity with CCC
Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.
Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.
Sources
- Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
- World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
- Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
- United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
Carbon Footprint
How to buy plastic credits, and what to check before you do
A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.
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Carbon Footprint
EU carbon credit claims after 27 September 2026
EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.
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