Lithium miner Allkem's fourth-quarter revenue falls on weak prices

Allkem

26/07/2023 23:55

July 27 (Reuters) - Lithium miner Allkem Ltd  AKE.AX  on
Thursday reported an about 1% drop in fourth-quarter revenue as
weak lithium prices offset higher output at its flagship Mt
Cattlin project in Western Australia and Olaroz project in
Argentina.
    The Buenos Aires, Argentina-headquartered miner, which
recently inked a $10.6 billion merger with Livent Corp  LTHM.N ,
 said revenue was $334 million for the three months ended June
30, lower than last year's $337 million.

 (Reporting by Echha Jain and Mehr Bedi in Bengaluru; Editing by
Pooja Desai)
 ((Mehr.Bedi@thomsonreuters.com;))