An update from Alkemy Capital Investments Plc ( (GB:ALK) ) is now available.
Alkemy Capital Investments Plc’s subsidiary, Tees Valley Lithium (TVL), has entered an exclusive negotiation period with Touchstone Capital Partners to finalize a long-term lithium supply agreement. This agreement aims to secure over 100,000 tonnes of lithium carbonate equivalent, ensuring a stable and sustainable supply chain for TVL’s lithium hydroxide refinery in Teesside, UK. This move is crucial as it positions TVL to meet the increasing demand for battery-grade lithium from Europe’s electric vehicle and energy storage sectors. By securing this supply, TVL is mitigating risks associated with supply chain disruptions and reinforcing its market position as a leading independent lithium refiner in Europe.
More about Alkemy Capital Investments Plc
Alkemy Capital Investments Plc is focused on developing critical mineral infrastructure to support the global energy transition. Through its wholly owned subsidiary, Tees Valley Lithium (TVL), Alkemy is establishing Europe’s first independent lithium hydroxide refinery, strategically located in Teesside, UK, to supply battery-grade lithium chemicals for the European electric vehicle supply chain.
YTD Price Performance: 7.45%
Average Trading Volume: 39,621
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £12.51M
For detailed information about ALK stock, go to TipRanks’ Stock Analysis page.