Allkem Limited (ASX: AKE) Share Price and News

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  • Allkem Limited (ASX: AKE)
    Latest News

    a woman
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    Orocobre Limited shares resume trade and sink lower

    The Orocobre Limited (ASX:ORE) share price is out of its trading halt but has sunk straight into the red…

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    a woman
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    Deutsche Bank: Lithium supply could soon catch up with demand in 2018

    Growth in lithium supply would be bad news for the likes of Galaxy Resources Limited (ASX:GXY), and Orocobre Limited (ASX:ORE).

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    The lithium miners have sunk deep into the red today

    The Galaxy Resources Limited (ASX:GXY) share price is one of a number in the lithium industry sinking lower today. Here’s…

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    Why Orocobre Limited is in a trading halt

    The Orocobre Limited (ASX:ORE) share price won’t be going anywhere today. Here’s why…

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    The Argosy Minerals Limited share price just jumped to a record-high

    The Argosy Minerals Limited (ASX:AGY) share price has been on fire on Monday, rising over 12% to a record high.…

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    ALL ORDINARIES finishes higher Friday: 8 shares you missed

    The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished higher on Friday.

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    This share jumped more than 100% in a day

    Thursday wasn’t the best day for numerous mining companies. But some shareholders saw their stock more than double in value.

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    Lithium miners sink deep into the red

    The Galaxy Resources Limited (ASX:GXY) share price is one of six in the lithium industry sinking deep into the red…

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    Macquarie Group Ltd has downgraded these mining stocks despite the commodities rally

    Most analysts are expecting great things for our miners in 2018 but Macquarie Group Ltd (ASX: MQG) thinks it may…

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    Hot money is lighting a fire under these lithium miners in 2018

    The likes of Galaxy Resources Ltd (ASX:GXY) and Argosy Minerals Ltd (ASX:AGY) are rocketing.

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    Why the Argosy Minerals Limited share price gained 1,000% in 2017

    The Argosy Minerals Limited (ASX:AGY) share price has been surging for a while. Is it too late to buy?

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    Why I won't sell my Galaxy Resources Limited shares

    The Galaxy Resources Limited (ASX:GXY) share price may be up 125% in six months, but I’m not in a hurry…

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    Frequently Asked Questions

    Allkem Ltd does not currently pay dividends.

    Allkem Ltd, formerly Orocobre Ltd, listed on the ASX on 4 December 2007.

    Allkem Ltd was created on 30 November 2021 following the merger of Orocobre Ltd and Galaxy Resources.

    AKE ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Allkem Limited

    Allkem Ltd (ASX: AKE), formerly Orocobre Ltd, is a specialty lithium and chemicals company.

    The company's projects include lithium brine operations in Argentina, hard rock lithium projects in Western Australia and Canada, and a lithium hydroxide conversion facility in Japan. 

    Its flagship Olaroz project in northern Argentina supplies high-quality lithium globally. Expansion of the facility will mark Olaroz as one of the world’s largest lithium evaporation pond systems.

    Allkem is dual-listed on the ASX and the Toronto Stock Exchange. The company is aiming to increase its production threefold by 2026 and maintain 10% of global lithium production over the next decade.

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    20 Dec 2023 Martin de Solay Expiry 149,041 $1,551,516
    As advised by the company. Lapsed
    20 Dec 2023 Martin de Solay Buy 238,040 $2,477,996
    Conversion of securities.
    20 Dec 2023 Martin de Solay Exercise 238,040 $2,477,996
    Conversion of securities. 149,041 Rights
    05 Dec 2023 Martin de Solay Issued 109,955 $912,626
    Issue of securities. 387,081 Unlisted Performance Rights
    17 Nov 2023 Peter Coleman Buy 11,492 $99,670
    On-market trade. average price
    16 Nov 2023 Fernando de Roa Buy 16,000 $145,767
    On-market trade.
    03 Oct 2023 Martin de Solay Issued 367,686 $4,099,698
    Conversion of securities.
    03 Oct 2023 Martin de Solay Expiry 9,638 $107,463
    As advised by the company. Lapsed, 2,77,126 Performance Rights
    03 Oct 2023 Martin de Solay Exercise 367,686 $4,099,698
    Conversion of securities. 2,86,764 Performance Rights

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Richard Phillip Seville Non-Executive Director Apr 2007
    Mr Seville has over 35 years of experience in the resources sector including over 25 years of experience as either Managing Director or Executive Director of various ASX, TSX or AIM listed companies. Richard was the founding Managing Director of Orocobre until he stepped down from the position in 2019. He is Chair of Sustainability Committee.
    Mr John Stephen Morris Turner Non-Executive Director Aug 2021
    Mr Turner is the leader of Fasken Martineau DuMoulin's Global Mining Group. Fasken Martineau DuMoulin is a full-service law firm with offices in Canada, the UK, South Africa, and China. John has been involved in many of the corporate finance and merger and acquisition deals in the resources sector primarily through companies active in Africa, Latin America, Eastern Europe, Canada, and Australia. He is also currently the non-executive Chairman of GoGold Resources Inc, a TSX-listed gold and silver mining company. He is a member of the Risk Committee.
    Mr Alan Murray Fitzpatrick Non-Executive Director Aug 2021
    Mr Fitzpatrick has more than 47 years of technical mining industry experience in project and construction management, engineering, maintenance, and plant operations, including acting as a project director for various major mining companies both locally and internationally. Alan has held numerous senior positions with engineering and mining companies such as Bechtel, BHP, Gold Fields, and Newmont Mining Corporation. He is a member of Risk and Sustainability Committee.
    Ms Leanne Heywood Non-Executive Director Sep 2016
    Ms Heywood is an ASX non-executive director with over 25 years corporate experience in the mining sector, including 10 years with Rio Tinto. Her experience includes strategic marketing, business finance (CPA) and compliance and she has led organizational restructures, disposals, and acquisitions. Additionally, Leanne has experience in international customer relationship management, stakeholder management (including governments and investment partners) and executive leadership in China, Japan, Mongolia, Singapore, South America, the US, Europe, and India. She is Chair of Risk Committee and member of Sustainability Committee.
    Mr Peter John Coleman Non-Executive Director Oct 2022
    Mr Coleman is the former chief executive officer, executive director and managing director of Woodside Petroleum Ltd., Australia's independent gas producer, having served in that role from 2011 until his retirement in June 2021. Prior to joining Woodside, Mr. Coleman spent 27 years with the ExxonMobil group in a variety of roles, including Vice President Asia Pacific from 2010 to 2011 and vice president of Americas from 2008 to 2010. Since 2012, he has been an adjunct professor of corporate strategy at the University of Western Australia Business School.
    Mr Fernando Oris de Roa Non-Executive Director Jun 2010
    Mr Roa was appointed a Director in March 2010. He is a business leader with a history of developing and operating enterprises within Argentina and has a reputation for upholding integrity and social responsibility in his business practices. He was also appointed as Ambassador of Argentina to the United States serving during 2018 and 2019. He is also a member of the Risk and Sustainability Committee.
    Ms Florencia Heredia Non-Executive Director Aug 2021
    Ms Heredia has more than 28 years of experience in the mining industry. She is currently a senior partner of the leading Argentinian legal firm Allende and Brea where she heads the Energy and Natural Resources, ESG and Sustainability practice. She is an expert in Argentine mining law with experience advising financial institutions and companies in mining transactions in Argentina and has repeatedly represented lenders in all mining project finance arranged in Argentina.
    Mr Martin Perez de Solay Chief Executive OfficerManaging Director Jan 2019
    Mr Solay has a career spanning engineering, operational improvement, banking, finance and executive management.
    Mr Richard (Rick) Stacy Anthon General CounselJoint Company Secretary Mar 2015
    -
    Mr Neil Kaplan Chief Financial OfficerJoint Company Secretary Jan 2013
    -
    Christian Cortes Acting Chief Financial Officer
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    Neil Kaplan Chief Financial OfficerJoint Company Secretary
    -
    Illeana Freire Chief Human Resources Officer
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    John Sanders Chief Legal Officer and Company Secretary
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    Dr Robert Edwardes Chief Projects Officer
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    Christian Barbier Chief Sales and Marketing Officer
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    Karen Vizental Chief Sustainability and External Affairs Officer
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    James Connolly Chief Technical Officer
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    Rick Anthon Corporate Development
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    Richard (Rick) Stacy Anthon General CounselJoint Company Secretary
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    Hersen Porta Head of Argentina Operations
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    Liam Franklyn Head of Australian Operations
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    Denis Couture Head of Canadian Operations
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 163,063,406 25.57%
    J P Morgan Nominees Australia Pty Limited 83,709,773 13.13%
    Citicorp Nominees Pty Limited 80,314,444 12.60%
    Toyota Tsusho Corporation 39,296,636 6.16%
    BNP Paribas Nominees Pty Ltd Acf Clearstream 22,730,503 3.56%
    National Nominees Limited 19,951,670 3.13%
    BNP Paribas Noms Pty Ltd 17,417,879 2.73%
    Canadian Register Control 13,106,131 2.06%
    BNP Paribas Nominees Pty Ltd 10,435,817 1.64%
    HSBC Custody Nominees (Australia) Limited i 6,304,266 0.99%
    Creat Resources Holdings Limited 3,650,000 0.57%
    Citicorp Nominees Pty Limited i 3,583,346 0.56%
    HSBC Custody Nominees (Australia) Limited ii 3,337,217 0.52%
    Mr Nicholas Rowley 3,000,000 0.47%
    Citos Super Pty Ltd 2,306,000 0.36%
    BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd 1,755,048 0.28%
    Argo Investments Limited 1,750,000 0.27%
    BNP Paribas Nominees Pty Ltd i 1,742,030 0.27%
    BNP Paribas Noms (NZ) Ltd 1,707,096 0.27%
    HSBC Custody Nominees (Australia) Limited A/C 2 1,599,744 0.25%

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