* Allkem Ltd (target price $12, currently $10.88) was formed from the merger of lithium miners Orocobre and Galaxy Resources, with a portfolio including lithium brine and borax operations in Argentina, a mine in WA and a lithium hydroxide conversion facility in Japan. Development and design work in Argentina and Canada is also underway.“We continue to observe strong market fundamentals for lithium, with increasingly aggressive electrification targets and higher electric vehicle adoption rates,” Canaccord Genuity said.
news.com
AKE Price at posting:
$11.43 Sentiment: Hold Disclosure: Held
