Revenue Records for Alkem

Lithium producer Allkem's annual report reveals a 62% rise in revenue, hitting a record US$1.2 billion (AUD$1.8 billion), driven by strong operations and favorable market conditions.

At the Mt Cattlin lithium site in Western Australia, revenue surged by 36% to US$615.6 million (AUD$956.2 million).

Allkem's Olaroz lithium facility in Argentina achieved a record annual production of 16,703 tonnes, 30% higher than its previous best. Revenue at Olaroz soared by 102% to US$592.2 million (AUD$920.1 million), based on 13,186 tonnes of lithium carbonate sales.

With a solid cash balance of US$648.4 million (AUD$1 billion), Allkem's committed projects are well-funded. The company's accomplishments include inaugurating the Naraha lithium hydroxide plant and advancing construction on the Sal de Vida and James Bay projects.