Allkem reports revenue of $334M in June quarter as lithium production up

- Lithium producer Allkem announced yesterday that its Olaroz lithium facility in Argentina achieved record annual production of 16,703 tonnes of lithium carbonate with a record 5,059 tonnes produced in the quarter, up 47% on the previous corresponding period.

Total Olaroz sales revenue was ~US$132 million in the June quarter 2023 , including US$2.0 million related to sales of a lithium carbonate by-product. The average price received from third party sales was US$38,062/tonne on an FOB basis . Revenue generated for the quarter by Mt Cattlin was US$201.0 million at an average realized sales price of US$4,297/dmt CIF which corresponds to approximately US$4,800/dmt CIF on an SC6 equivalent.

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