Allkem posts massive jumps in revenue

Lithium miner Allkem has nearly tripled revenue in the half-year ended December, compared with the previous corresponding period, on the back of higher production from its Olaroz operation, in Argentina, and higher commodity prices.

Group revenue for the interim period increased to $557.8-million, up from the $180,5-million reported in the previous corresponding period, while profit for the period increased from $12.9-million to $219.2-million.