11:48 AM EDT, 09/20/2024 (MT Newswires) -- Arcadium Lithium ( ARLTF ) said Thursday it is launching expansion programs that are expected to "more than double" sales volumes by 2028.

"We have a clear and compelling plan to deliver significant growth over the coming years, leveraging the size and quality of our portfolio of assets and expansion projects," Arcadium Chief Executive Paul Graves said. "This plan has the potential to double our sales volumes by 2028 while reaching an expected $1.3 billion in Adjusted EBITDA based on analyst consensus pricing forecasts."

Shares of the company rose over 1% in recent trading.

Price: 2.54, Change: +0.04, Percent Change: +1.40