Lithium Corporation of America

Last updated
Lithium Corporation of America
Revenue$19 Million
Number of employees
35

Lithium Corporation of America was a mining company which mined lithium-bearing spodumene and pegmatite ores near Bessemer City, Gaston County, North Carolina, United States and in the Black Hills of South Dakota. [1] [2]

In 1954, economist Armen Alchian used sudden increases in the stock price of Lithium Corporation to deduce that the new American h-bomb used lithium in its fusion fuel; this result was one of the first "event studies".

In September 1959, Lithium Corporation of America was sued for breach of contract by a Canadian producer of lithium concentrate, Quebec Lithium Corporation, from which it had been buying lithium concentrate. [3]

In 1985, Lithium Corporation of America was acquired by FMC Corporation, formerly known as Food Machinery and Chemical Corporation. At the time it was acquired, the company was the world's largest producer of lithium. [4] [5] FMC's lithium operations were known as FMC Lithium. In 2019 FMC completed the spin-off of its lithium operations as a new company, Livent Corporation. [6]

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References

  1. ↑ Ryan, Jack R. (December 12, 1954). "Expansion Pushed in Lithium Output; Use of Lightest Metal Is Now Ten Times Pre-War Rate -Demand Exceeds Supply". The New York Times. p. F1. Retrieved 2009-11-02.
  2. ↑ "LCA Mine (Lithium Corporation of America Mine), Bessemer City, Gaston Co., North Carolina, USA". mindat.org. Retrieved 2009-11-02.
  3. ↑ The New York Times (September 10, 1959). "Lithium Corp. Sued by Quebec Company". p. 53. Retrieved 2009-11-02.
  4. ↑ "FMC History". FMC Corporation. Archived from the original on 2009-07-09. Retrieved 2009-11-02.
  5. ↑ Lifton, Jack (September 1, 2006). "Reflections on Investing in the Future of Lithium". Resource Investor. Retrieved 2009-11-02.
  6. ↑ "Livent-Corporation-Announces-Completion-of-Separation-from-FMC-Corporation". Livent Corporation - News. Retrieved 2021-09-23.

35°17′N81°17′W / 35.283°N 81.283°W / 35.283; -81.283 (LCA Mine)

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