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Alkemy Capital Investments Plc ( (GB:ALK) ) has shared an update.
Alkemy Capital Investments Plc has announced significant progress on its Tees Valley Lithium refinery project, highlighting a reduction in projected capital expenditure to $245 million and an increase in plant uptime by 5% without additional operating costs. The project is expected to be the lowest-cost lithium hydroxide refinery in Europe, with first production anticipated in early 2028, aligning with rising lithium prices and increased demand for electric vehicles and energy storage systems. The development is poised to supply 2.5% of Europe’s battery-grade lithium needs, with future expansion plans offering significant growth potential, thereby strengthening the UK’s role in the European battery materials supply chain.
Spark’s Take on GB:ALK Stock
According to Spark, TipRanks’ AI Analyst, GB:ALK is a Underperform.
Alkemy Capital Investments Plc is facing significant financial instability, with negative equity and ongoing losses being primary concerns. However, recent strategic initiatives and partnerships in lithium refining may offer long-term growth potential. The stock exhibits weak technical momentum, and the valuation indicates profitability issues.
To see Spark’s full report on GB:ALK stock, click here.
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. TVL is dedicated to providing battery-grade lithium chemicals to meet the growing demand of the electric vehicle supply chain in Europe, with operations strategically located in Teesside.
Average Trading Volume: 72,262
Technical Sentiment Signal: Buy
Current Market Cap: £17.59M
Learn more about ALK stock on TipRanks’ Stock Analysis page.