A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Lithium producer Allkem announced on Thursday that its Olaroz lithium facility in Argentina achieved above budget quarterly production of 4,453 tonnes of lithium carbonate in the September 2023 quarter, up 35 % from the September 2022 quarter.
The company said that “excellent” operational performance continues at Olaroz, reflecting “robust plant reliability, low downtime and improved energy efficiency with high brine feedstock concentration.” Total Olaroz sales revenue was US$123 million in the September 2023 quarter, down 18% year-over-year . The average price received from third party sales was US$25,981/tonne on an FOB basis, a decline of 40% year-over-year .
Revenue generated for the September 2023 quarter by Mt Cattlin was US$201.1 million at an average realized sales price of US$2,625/dmt CIF .
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