reports
- Alison Turner
Allkem - Moving up the value chain
Allkem is uniquely positioned to be one of the main beneficiaries of the favourable lithium market conditions as it boasts a healthy pipeline of advanced development projects, aiming to triple its production capacity and to expand into the higher value battery-grade products. Despite near-term economic weakness, lithium demand continues to be driven by the secular trend towards decarbonisation and growing global electric vehicle (EV) adoption. Supported by supply shortages, cost inflation and pr...
ALLKEM sees a downgrade to Slightly Negative on account of less fundam...
The independent financial analyst theScreener just lowered the general evaluation of ALLKEM (AU), active in the General Mining industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date March 15, 2022, the closing price was AUD 9.50 and its target price ...
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