Allkem Limited (ASX: AKE) announced the successful commencement of first production at Stage 2 of the Olaroz Lithium Facility. The recent milestone resulted in the production of wet lithium carbonate cake using filter presses. Managed in collaboration with Toyota Tsusho Corporation (TTC) and JEMSE, the Olaroz Stage 2 development boasts a nameplate capacity of 25,000 tonnes per year (tpa) of technical grade lithium carbonate.
With mechanical completion at an impressive 99.5%, the focus now shifts to the commissioning process, where production volumes and product quality will be incrementally increased over the next 12-18 months. Upon completion of this ramp-up phase, the combined Olaroz Stage 1 and Stage 2 infrastructure will yield a total nameplate capacity of approximately 42,500 tpa of lithium carbonate.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.