Allkem Limited

Allkem Limited Overview

Company Headquarters: Buenos Aires, Argentina

Founded: 2021

Workforce: ~ 1,300

Company Working: Allkem Limited is a provider of lithium chemicals. The company is the result of the merger between Orocobre Limited and Galaxy Resources in the year 2021. The company develops lithium carbonate, lithium hydroxide, spodumene concentrates and borax products including minerals such as hydroboracite, refined products and boracic acid. Its lithium is used in rechargeable batteries, grid energy storage, solar and nuclear power generation, and other industrial applications. The company operates projects in Argentina, Australia, Japan and Canada. It operates offices in Argentina and Australia. Allkem is headquartered in Brisbane, Queensland, Australia. The company focuses on lithium production and exploration in Argentina, where it operates the Olaroz Lithium Facility and the Cauchari Lithium Project. The company is primarily involved in the production of lithium carbonate, a key component used in the production of lithium-ion batteries for electric vehicles and energy storage systems.

Strategy

Allkem places great emphasis on sustainability and responsible mining practices. The company strives to minimize its impact on the environment, conserve water resources and operate in a socially responsible manner. The company is committed to maintaining positive relationships with local communities and implementing robust security measures. The company is focused on meeting the growing demand for lithium power with the accelerating adoption of electric vehicles and renewable energy storage systems. The company focuses on strategic partnerships to support its operations and improve market access.

Company Snapshot

$84.76M

Revenue

1,300

Employees

$4,345.22M

Market Cap

2021

Founded

Buenos Aires, Argentina

Headquarters

SWOT Analysis

Strengths

Ownership of some of the world’s largest High-Quality Lithium Assets such as Orocobre
Strong and wide geographical presence
Complementary business segments

Weaknesses

High dependence on Olaroz Lithium Facility in Argentina. Dependency on a single operation exposes Orocobre to risks such as operational disruptions, regulatory changes, and geopolitical uncertainties specific to that region
Declining market share due to increasing no. of competitors

Opportunities

Decreasing cost of fright and transportation
New trends in costumer behavior
Strategic acquisitions to diversify the company's operations and product offering

Threats

High competition between established market players and new entrants
The company operates in multiple jurisdictions and is subject to regulatory and political risks.

Key Developments

Date	Approach	Development
February 2020	Contract & Agreement	Orocobre Limited (now Allkem Limited) announces that it has entered into a definitive agreement pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) that it does not already own. This transaction will allow Orocobre to continue to develop the Olaroz/Cauchari basin in a cost-effective manner that will optimise extraction of the resource to the benefit of shareholders, local communities, the Provincial and National governments of Argentina, and other stakeholders.

Product Offering

Allkem Limited
- Lithium & Lithium Minerals
- Lithium & Lithium Minerals

Financial Performance

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