So either Livent's project or our Olaroz has had a cracking month of production in March. Good stuff! Also notice that as much product was shipped to Japan as was shipped to China, seemingly confirming MD Martin's comments the other week that Allkem is not overly dependent on Chinese prices, particularly Chinese spot prices, in the pricing of its sales. This report is a good lead in to tomorrow's quarterly report and briefing.
Will be also really interested to hear if Naraha production is picking up any traction. Nameplating a chemical production facility is a longer term effort than a relatively simple mining operation but it would be good to see indications that Naraha is headed in the right direction, not only in its own right but with regards to whether Naraha becomes the model for several more such facilities (doubling up at Naraha and hopefully at least one in north America / Quebec). Current hydroxide pricing very much supports Allkem and Toyota Tsusho taking this path imo.
Also Olaroz 2 must be very close to moving into commissioning, the froggy canucks need to show they actually are a tier one mining jurisdiction regarding permitting of James Bay, some milestones at Sal de Vida would be good and some strategic statements about Mr Cattlin would be appreciated.
On Mt Cattlin it is interesting in contrasting Sayona's typically Australian approach to setting up a hub and spoke mining operation in southern Quebec compared to Allkem's approach of every project, including Mr Cattlin, needing to be an island. Sayona has not only scrambled to secure the hub at NAL but has also acquired several satellite assets in the region and is buying into a neighbouring block as well. Aussies are not only gun hard rock miners but we know how to get by with meagre resources. Hopefully Peter Coleman can educate MD Martin on this.
AKE Price at posting:
$12.06 Sentiment: Hold Disclosure: Held
