Allkem Ltd (ASX: AKE) Share Price and News

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Allkem Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $6.12 billion
P/E Ratio 33.78
Dividend Yield N/A
Shares Outstanding 637.66 million
Earnings per share -0.091
Dividend per share N/A
Year To Date Return -3.85%
Earnings Yield 2.96%
Franking N/A
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as at 24 Feb 3:44pm

Allkem Ltd (ASX: AKE)
Latest News

Female miner uses mobile phone at mine site
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Mineral Monday: What you need to know about lithium and which ASX shares are cashing in on it

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The lithium and iron ore ASX shares that I like right now: expert

Mining has done all the heavy lifting for the Australian market this year, and could continue to do so.

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3 ASX All Ordinaries shares that leapt more than 10% on Thursday

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Materials Shares

Why’s the Allkem share price flaring higher today?

A welcomed reversal for the share.

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Cut outs of cogs and machinery with chemical symbol for lithium
Materials Shares

Which ASX lithium shares are producing and which are not?

Which lithium shares are already producing the battery material?

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Materials Shares

Is it too late to buy ASX lithium shares?

An expert gives his thoughts on the future of demand for the battery ingredient, and names one ASX lithium share…

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Broker Notes

Why this top broker is bullish on the Allkem share price

Morgans remains bullish on this lithium share...

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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 Ltd

Allkem Limited (ASX: AKE), formerly known as Orocobre Limited (ASX: ORE), is an Australian mineral resources company based in Brisbane. It is a global supplier of lithium carbonate and boron with resources predominantly located in Argentina.

In a partnership arrangement with the trading arm of Toyota, Allkem constructed the first commercial, brine-based lithium operation in approximately 20 years. The company produces and sells lithium to a variety of industrial and technical sectors. According to Allkem, it is one the biggest and lowest-cost lithium producers in the world.

The company is also in the process of constructing a large-scale lithium hydroxide plant in Japan, the first of its kind for the country. Allkem believes the new facility will enable it to drive margin growth through the conversion of lithium carbonate to lithium hydroxide suitable for battery use.

Allkem floated on the ASX in 2007 and also listed on the Toronto Stock Exchange in 2010. As is common with many mining and minerals companies on the ASX, Allkem shares have seen a mixed performance since listing. The Allkem share price reached all-time highs of around $10 in November 2021.

AKE Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
05 Jul 2022 $10.00 $-0.12 -1.19% 3,088,820 $10.15 $10.25 $9.86
04 Jul 2022 $10.12 $-0.13 -1.27% 2,617,575 $10.41 $10.49 $10.07
01 Jul 2022 $10.25 $-0.06 -0.58% 2,929,178 $10.25 $10.48 $10.20
30 Jun 2022 $10.31 $-0.28 -2.64% 3,717,799 $10.28 $10.51 $10.13
29 Jun 2022 $10.59 $-0.17 -1.58% 2,291,269 $10.59 $10.79 $10.54
28 Jun 2022 $10.76 $-0.05 -0.46% 2,572,289 $10.89 $10.89 $10.65
27 Jun 2022 $10.81 $0.72 7.14% 4,384,029 $10.36 $10.88 $10.30
24 Jun 2022 $10.09 $0.45 4.67% 3,494,686 $9.46 $10.09 $9.46
23 Jun 2022 $9.64 $-0.36 -3.60% 3,883,999 $9.97 $10.12 $9.50
22 Jun 2022 $10.00 $-0.15 -1.48% 3,449,310 $10.44 $10.49 $9.91
21 Jun 2022 $10.15 $0.35 3.57% 2,285,271 $10.02 $10.20 $9.93
20 Jun 2022 $9.80 $-0.05 -0.51% 3,121,811 $9.96 $10.12 $9.64
17 Jun 2022 $9.85 $-0.43 -4.18% 7,341,625 $9.83 $9.88 $9.48
16 Jun 2022 $10.28 $0.15 1.48% 3,335,499 $10.23 $10.52 $10.20
15 Jun 2022 $10.13 $-0.14 -1.36% 3,985,619 $10.21 $10.51 $10.00
14 Jun 2022 $10.27 $-0.57 -5.26% 5,817,170 $9.96 $10.27 $9.72
10 Jun 2022 $10.84 $-0.30 -2.69% 4,568,692 $10.85 $10.90 $10.58
09 Jun 2022 $11.14 $-0.49 -4.21% 3,950,128 $11.57 $11.75 $11.14
08 Jun 2022 $11.63 $-0.15 -1.27% 2,786,291 $11.82 $11.86 $11.49
07 Jun 2022 $11.78 $0.12 1.03% 2,941,098 $11.75 $11.90 $11.61

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
10 Nov 2021 Martin de Solay Sell 50 $459,500
On-market trade.
16 Sep 2021 Martin de Solay Issued 87 $820,975
Conversion of securities.
16 Sep 2021 Martin de Solay Exercise 87 $820,975
Conversion of securities. 501,462 - Performance Rights
13 Sep 2021 Richard Seville Sell 833 $7,774,764
On-market trade.

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Mr Robert Hubbard Non-Executive DirectorNon-Executive Deputy Chairman Nov 2012
Mr Hubbard is also a Non-Executive Director of Bendigo and Adelaide Bank Limited and Chairman of Healius Limited. Robert was a partner at PricewaterhouseCoopers for over 20 years until 2013. During his time as a PwC partner, he served as auditor and adviser for some of resource companies with activities throughout Australia, Papua New Guinea, West Africa and South America. Robert is Chair of the Related Party Committee and a member of the People and Governance Committee. He is also a member of the Sustainability committee.
Mr Richard Phillip Seville Non-Executive Director Apr 2007
Mr Seville has 25 years as either Managing Director or Executive Director of various ASX, TSX or AIM listed companies. After 12 years as Managing Director of Orocobre, Richard took a position as a Non-Executive Director. Richard is Chair of the Sustainability Committee and a member of the Related Party Committee.
Mr John Turner Non-Executive Director Aug 2021
No Profile Reported in Annual Report.
Mr Alan Fitzpatrick Non-Executive Director Aug 2021
Fitzpatrick
Ms Leanne Heywood Non-Executive Director Sep 2016
Ms Heywood has over 25 years corporate experience in the mining sector, including 10 years with Rio Tinto. Her experience includes strategic marketing, business finance and compliance and she has led organisational restructures, disposals and acquisitions. She is a member of the Related Party Committee and People and Governance Committee.
Mr Fernando Oris de Roa Non-Executive Director Jun 2010
Mr Oris de Roa is Chief Executive of S.A. San Miguel. Fernando was Chief Executive and shareholder of Avex S.A. from 2004 to 2012. Fernando was appointed as Ambassador of Argentina to the United States serving during 2018 and 2019. Fernando is the Chair of the People and Governance Committee and a member of the Related Party Committee.
Mr Martin Ronald Rowley Non-Executive ChairmanNon-Executive Director Aug 2021
No Profile Reported in Annual Report.
Ms Florencia Heredia Non-Executive Director Aug 2021
No Profile Reported in Annual Report.
Mr Martin Perez de Solay Chief Executive OfficerManaging Director Jan 2019
Mr de Solay has a career spanning engineering, operational improvement, banking, finance and executive management. Prior to joining Orocobre Limited, Martin was the President and CEO of Petroleos Sudamericanos, an oil and gas producer operating in Argentina and Colombia. Prior to 2011, Martin was CFO and Head of Corporate Development of GeoPark and spent a decade in the institutional, corporate and restructuring activities of Citigroup.
Mr Richard (Rick) Stacy Anthon General CounselJoint Company Secretary Mar 2015
-
Mr Neil Kaplan Chief Financial OfficerJoint Company Secretary Jan 2013
-
Neil Kaplan Chief Financial OfficerJoint Company Secretary
-
Richard (Rick) Stacy Anthon General CounselJoint Company Secretary
-

Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
J P Morgan Nominees Australia Pty Limited 67,433,844 19.58%
HSBC Custody Nominees (Australia) Limited 61,050,957 17.73%
Toyota Tsusho Corporation 39,296,636 11.41%
Bnp Paribas Nominees Pty Ltd Acf Clearstream 29,463,690 8.56%
Citicorp Nominees Pty Limited 17,633,545 5.12%
Canadian Register Control\C 15,263,518 4.43%
National Nominees Limited 10,056,404 2.92%
BNP Paribas Noms Pty Ltd (DRP) 8,414,899 2.44%
BNP Paribas Nominees Pty Ltd (Agency Lending DRP A/C) 7,111,986 2.07%
Bnp Paribas Nominees Pty Ltd Six Sis Ltd (Drp A/C) 3,411,550 0.99%
Bnp Paribas Nominees Pty Ltd (Ib Au Noms Retailclient Drp) 3,335,202 0.97%
Mr Denis Grenville Hinton & Mrs Roslyn Susanna Hinton 3,042,281 0.88%
Ecapital Nominees Pty Limited (Accumulation A/C) 2,279,750 0.66%
MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 1,885,066 0.55%
Mr Robert Bruce Woodland & Mrs Erika Woodland (R Woodland Exhibit S/F A/C) 1,437,500 0.42%
Fairground Pty Ltd 1,174,131 0.34%
Citicorp Nominees Pty Limited (Colonial First State Inv A/C) 973,702 0.28%
Hsbc Custody Nominees (Australia) Limited (Nt Comnwlth Super Corp A/C) 832,637 0.24%
BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd (DRP A/C) 793,955 0.23%
Nambia Pty Ltd (The Anthon Family S/F A/C) 768,074 0.22%

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