How to Buy Livent Stock [2024]

Summary: Livent is a US-based lithium chemicals producer listed on the NYSE under the stock symbol LTHM, which means you can buy Livient stock on trading platforms such as eToro and Interactive Brokers.

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About Livent

Note

Livent Corporation (NYSE: LTHM) is a US-based lithium technology company. It specializes in producing and distributing high-performance lithium compounds, primarily used for lithium-based batteries, specialty polymers, and applications in chemical synthesis. Their market reach extends across North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Livent is a publically listed company and trades on the New York Stock Exchange (NYSE) under the ticker symbol LTHM.

How to buy Livent stock? Step-by-step process

Keep reading as we lay out a step-by-step guide to buying Livent stock and provide suggestions for particular platforms you may want to consider.

Step 1: Choose a broker

When assessing brokers, consider these factors:

Product listings: Verify that the broker provides access to NYSE and LTHM as well as any other asset classes that interest you, such as stocks, ETFs, bonds, commodities, cryptocurrencies, or forex, as well as more complex derivative financial instruments like options, CFDs, and futures;
Pricing: Look for a broker that offers commission-free stock trading;
Regulation and security: Ensure the broker is regulated by the relevant regulatory bodies and that they have implemented appropriate measures to protect your data and funds. In the US, for example, brokers should be registered with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC);
Fractional shares: Fractional shares allow investors to purchase stocks or ETFs by the dollar amount, which is particularly useful for investors with limited capital or those intending to implement a dollar-cost averaging (DCA) strategy.

To securely invest in Livent Corp and buy LTHM stock, we recommend:

1. eToro

Commission-free stock and ETF trading;
2,000+ stocks from 17 exchanges;
Fractional shares available;
User-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

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2. Interactive Brokers (IBKR)

Commission-free stock and ETF trading;
Trade stocks on 90+ market centers;
Fractional stock trading;
Earn extra income on fully paid shares;
Lowest financing rates for margin accounts in the industry;
No account minimum.

Best Platform for Worldwide Stock Trading & Investing

Highly trusted multi-asset broker with clients in over 200 countries
Trade on 150 markets globally from a single platform (stocks, ETFs, futures, currencies, crypto & more)
Low commissions starting at $0 with no platform fees or account minimums
Easily fund your account and trade assets in 26 currencies
IBKR pays up to 4.58% interest on cash balances of $10k or more

Up to 4.58% interest on balance*

Get Started

Step 2: Open and fund your account

Once you’ve chosen a broker that suits your investment goals and needs, you can open an account with them. This typically involves filling out an application online with your personal information. Once your application is approved, you’ll need to fund your account. You can usually do this via a bank transfer, debit or credit card, or a third-party payment provider like PayPal (PYPL). Once your account is funded, you’re ready to start investing.

Step 3: Decide how much you want to invest

How much you invest should be based on your personal financial situation, risk tolerance, and investment goals. Start by evaluating your disposable income – the income left after all essential expenses and savings are accounted for. It’s advisable not to invest money you can’t afford to lose or might need for immediate expenses.

Keep in mind, though, that investing in the stock market involves risk, including the complete loss of your investment. As a result, it may be useful to consult with a financial advisor to guide you through this process.

Step 4: Place your order and buy LTHM shares

Once you’ve determined how much you want to invest, you can place your order. Do this by logging into your brokerage account, searching for the ticker LTHM, and clicking on ‘Open Trade’ or ‘Buy.’

You’ll have two execution options:

Market order: An order filled immediately at the current market rate;
Limit order: An order that gets executed at your chosen price.

Step 5: Monitor your investment

Periodically reassess your investment in the company to ensure you’re on track to reach your financial goals but avoid making hasty decisions based on short-term market volatility.

Invest in LTHM indirectly

If you want exposure to lithium battery technology, consider investing in an ETF that focuses on that sector, such as Global X Lithium & Battery Tech ETF (NYSE: LIT), and Amplify Lithium & Battery Technology ETF (NYSE: BATT). Alternatively, if you want more broad exposure to the renewable energy space, consider ETFs like iShares Global Clean Energy ETF (NASDAQ: ICLN) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NASDAQ: QCLN).

Livent stock price today

Pros and cons of buying Livent stock

Pros

Increasing demand: As the demand for electric vehicles, and therefore lithium-based batteries, increases, companies like Livent that supply lithium stand to benefit;
Specialization: Unlike diversified mining companies, Livent specializes in lithium, and this focus might enable them to capitalize more on the lithium market’s potential.

Cons

Volatility: As a commodity, the price of lithium can be volatile, driven by supply and demand dynamics, geopolitical issues, and global economic conditions;
Operational risks: Lithium extraction and production comes with its operational risks, including potential cost overruns, production delays, or technical challenges;
Environmental concerns: Lithium mining is environmentally harmful, and increased scrutiny on this front could pose challenges to Livent.

In conclusion

In short, to buy Livent stock, follow these five steps:

Select a broker;
Open an account with them;
Decide on the amount you want to allocate to LTHM;
Buy the shares;
Periodically review your position.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Livent stock