Australia's Allkem climbs after achieving first lithium production at Olaroz

Allkem

18/07/2023 01:58

** Shares of Allkem  AKE.AX  rise as much as 2.8% to
A$16.76, posting their sharpest gains since July 11 
    ** The lithium miner says Stage II development at Olaroz
lithium facility in Argentina achieved its first production of
wet lithium carbonate cake 
    ** AKE says once the ramp-up has been completed the combined
Olaroz Stage 1 and Stage 2 infrastructure will have a nameplate
capacity of 42,500 tonnes per annum of lithium carbonate
    ** Allkem stock up 45.1% this year, as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))