Brief: Allkem Ltd Says Sept Quarter MT Cattlin Production Of 72,549 Tonnes Of Spodumene Concentrate

Allkem

26/10/2023 02:30

Oct 26 (Reuters) - Allkem Ltd  AKE.AX :
    * SEPT QUARTER MT CATTLIN PRODUCTION OF 72,549 TONNES OF
SPODUMENE
CONCENTRATE
    * DURING SEPT QUARTER, PRODUCTION AT OLAROZ LITHIUM FACILITY
4,453
TONNES OF  LITHIUM CARBONATE,
    * QTRLY GROUP REVENUE US$327 MILLION VERSUS US$298 MILLION
REPORTED YEAR AGO
    * RECORD LITHIUM CARBONATE SALES VOLUME OF 4,554 TONNES FOR
QUARTER
    * SEPT QUARTER MT CATTLIN SPODUMENE SALES OF 76,631 DMT,
GENERATED
REVENUE OF US$201.1 MILLION
    * FOR LITHIUM MARKET,  MEDIUM TO LONGER TERM DEMAND DRIVERS
REMAIN
RESILIENT DESPITE SHORT TERM  SENTIMENT AND VOLATILITY
    * OLAROZ STAGE 2 RAMP UP IS ON TRACK AND EXPECTED TO TAKE
APPROXIMATELY 15 MONTHS
    * CAUCHARI RESOURCE FIRST PRODUCTION EXPECTED IN H2 CY27
    * ALLKEM AND LIVENT CURRENTLY STILL TARGETING COMPLETION OF
TRANSACTION AROUND END OF CY2023

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