Allkem Limited
AKE.AX
Australian Securities Exchange9.83
AUD
-0.58
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Allkem Limited
AKE.AX
(Australian Securities Exchange)
Recent
price
9.83
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Allkem Limited is an Australian-based specialty lithium chemicals company engaged in the production and sale of lithium and boron products. Its core operations include lithium brine extraction at the Olaroz Lithium Facility in Jujuy Province, Argentina; hard-rock lithium mining at the Mt Cattlin spodumene mine in Western Australia; and lithium hydroxide conversion at the Naraha Lithium Hydroxide Plant in Japan, which is designed to convert lithium carbonate feedstock into purified battery-grade lithium hydroxide. Allkem’s product portfolio encompasses lithium carbonate, lithium hydroxide, and borates. The company operates in key mining and chemical processing hubs across Australia, Argentina, and Japan. Founded in 2005, it is headquartered in Brisbane, Australia. In recent major developments, Allkem completed a merger of equals transaction with U.S.-based Livent Corporation in January 2024, forming Arcadium Lithium plc, with Allkem becoming a wholly owned subsidiary of the new holding company. This strategic merger aimed to create a leading global lithium producer with combined operations and enhanced capital deployment capabilities. The merger expanded Allkem's geographic reach and product offerings, integrating Livent’s lithium extraction and refining expertise. Additionally, Allkem signed an Impact and Benefit Agreement for the James Bay Project in Quebec, Canada, marking an expansion into North American hard-rock lithium resources with a focus on sustainable mining and renewable energy use. Other recent changes include the divestment of Borax Argentina in late 2022 and acquisition of the María Victoria lithium tenement from Minera Santa Rita, further consolidating its lithium resource base. Allkem targets electric vehicle battery materials and energy storage markets, supplying battery-grade lithium chemicals used in lithium-ion battery manufacturing. Its operations serve global markets in North America, Europe, and Asia, capitalizing on the growing demand for clean energy technologies. The company is cross-listed on the Australian Securities Exchange and the Toronto Stock Exchange prior to the merger and now operates under Arcadium Lithium plc with listings on the NYSE and ASX. Allkem emphasizes sustainability and technological innovation in its lithium processing and mining activities, positioning itself as a key supplier in the global lithium supply chain. Allkem Limited, founded in 2005 and headquartered in Brisbane, Australia, integrates lithium brine, hard-rock mining, and chemical conversion assets across multiple continents, with recent strategic expansion through merger and project development in Canada to reinforce its position in the global lithium market.