Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Will build lithium sulphate plant at Port Hedland, an export port in the Pilbara region of Western Australia. The plant will feed the Tees Valley Lithium Ltd lithium hydroxide plant at Wilton International Chemicals Park in Teesside, UK.

Train 1 of the LSM plant is set to process spodumene from Australian lithium miners to produce around 40,000 tonnes per year of primary LSM. Trains 2 to 4 will add around 120,000 tonnes per year in the future.

‘Working with leading global metals trader Traxys to source the spodumene feedstock for the Port Hedland LSM plant, Alkemy is now progressing discussions to finalise and secure the optimal site for the Port Hedland LSM plant and the definitive spodumene feedstock agreement to underwrite the development of the plant,’ says Alkemy & TVL Director Sam Quinn.

Current stock price: 117.50 pence, up 12% on Monday in London

12-month change: up from 50p September 2021 IPO price

Copyright 2022 Alliance News Limited. All Rights Reserved.