AU market earnings: Arcadium faces soft demand as neuron pharmaceuticals reaps royalty rewards
Arcadium reports a revenue dip to $255 million due to soft lithium demand, while Neuron Pharmaceuticals enjoys a royalty boost, signaling mixed market conditions and strategic adaptations in the face of global economic challenges.
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This video was created on 7 August for IG audiences by ausbiz.
Arcadium and Neuron tackle market challenges head-on
In the recent financial updates, Arcadium Lithium reported second-quarter revenue of $255 million, noting weak market sentiment and steady long-term demand for lithium, influenced by decreased demand for spodumene in China. The company is emphasizing efficient, high-quality operations, projecting a full-year capital expenditure of between $550 million and $700 million.
Meanwhile, Neuron Pharmaceuticals reported a royalty income of $13 million from Acadia Pharmaceuticals, with anticipated total royalties for 2024 ranging between $55 million and $61 million.
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