A

Allkem Ltd
ASX:AKE

Watchlist Manager
Allkem Ltd
ASX:AKE
Watchlist
Price: 9.83 AUD -5.57% Market Closed
Market Cap: 6.3B AUD

Allkem Ltd
Investor Relations

Allkem Ltd., a name that resonates within the lithium sector, is a company born out of a strategic fusion and a vision to supply the world's growing demand for this transformative metal. Established from a merger of Orocobre Limited and Galaxy Resources in 2021, Allkem crafts its identity around the production of lithium chemicals, which are essential to powering the world's shift towards clean energy and electrification. In essence, the company's operations revolve around mining, extraction, and refining processes. Its portfolio, though concentrated, is geographically diverse, with operational footprints spanning from the brine-rich flats of Argentina to the mineral-rich grounds of Western Australia and Canada.

The company's revenue streams primarily flow from the sale of lithium carbonate and lithium hydroxide, key components for lithium-ion batteries used in electric vehicles and consumer electronics. Allkem leverages its geographically varied operations to meet global demand. For instance, its flagship project, the Salar de Olaroz in Argentina, is a marvel of efficient brine extraction technology, producing lithium carbonate that's highly coveted in the global market. Meanwhile, the Mt Cattlin operation in Australia focuses on high-purity spodumene concentrate, represented forwardly in their financial statements as they expand their influence in an electrified world. By anchoring its business model in both strategic resource deployment and responding to a surge in battery-powered innovation, Allkem stands as a pivotal player in the evolving landscape of sustainable energy solutions.

Show more
Loading

Earnings Calls

2024 Q1
Oct 25, 2023
Show Transcript
Previous
Next
Allkem's Record Quarter and Strategic Growth
2024 Q1
Oct 25, 2023

Allkem has reported a stellar quarter with record production and revenue at Mt Cattlin and over-budget output at Olaroz, yielding group revenue of about $327 million and a net cash position of $671 million. The company revealed advancements in strategic growth projects, including first wet production at Olaroz Stage 2 and progression in the Sal de Vida and James Bay developments. Allkem's merger with Livent, forming Arcadium Lithium plc, is set to complete by the end of 2023, boosting their EV supply chain position. Operational successes like a 25% increased production volume at Mt Cattlin and notable sales growth of lithium products underscore a focus on levelled operational costs and robust cash margins, despite inflationary pressures.

Show Full Analysis

Management

Mr. Martin Perez de Solay
MD, CEO & Director
No Bio Available
Mr. Neil Kaplan BAcc, C.A., CA
Chief Financial Officer
No Bio Available
Mr. Andrew Barber B.Sc.
Chief Investor Relations Officer
No Bio Available
Mr. John Sanders
Chief Legal Officer & Joint Company Sec.
No Bio Available
Mr. Richard Stacy Anthon B.A., BA, FAIM, L.L.B., L.L.M., LLB, M.A.I.C.D., M
Corp. Devel. Mang.
No Bio Available
Mr. Christian Barbier M.Sc.
Chief Sales & Marketing Officer
No Bio Available
Illeana Freire
Chief HR Officer
No Bio Available
Mr. Christian Cortes BACC, C.A., EMBA
Chief of Staff
No Bio Available
Mr. Hersen Porta
Head of Argentina Operations
No Bio Available
Mr. Simon Michael Hay B.Sc., BSc (Hons), Grad Dip, MAICD, MAppSc
Pres of International Bus.
No Bio Available

Contacts

Address
QUEENSLAND
Brisbane
Level 35, 71 Eagle Street
Contacts
+61738713985.0
www.allkem.co