Alkemy’s Tees Valley Lithium Secures Glencore Offtake for UK’s First Large-Scale Lithium Hydroxide Refinery

Alkemy Capital Investments Plc ( (GB:ALK) ) just unveiled an announcement.

Alkemy Capital Investments’ subsidiary Tees Valley Lithium has signed a five-year binding offtake agreement with a wholly owned Glencore unit for the supply of between 25,000 and 50,000 tonnes of battery-grade lithium hydroxide from its planned Teesside refinery, with deliveries to start in line with targeted production in early 2028. The deal, covering up to 10,000 tonnes a year and including standard commercial terms, secures a substantial portion of capacity from TVL’s initial 25,000-tonne-per-year production train, marking a key milestone ahead of final investment decision on what is set to be the UK’s first large-scale lithium hydroxide refinery and reinforcing both Alkemy’s strategic role in the European EV battery supply chain and Glencore’s position as a leading supplier of battery raw materials in the region.

The most recent analyst rating on (GB:ALK) stock is a Hold with a £383.00 price target. To see the full list of analyst forecasts on Alkemy Capital Investments Plc stock, see the GB:ALK Stock Forecast page.

Spark’s Take on GB:ALK Stock

According to Spark, TipRanks’ AI Analyst, GB:ALK is a Neutral.

The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, negative cash flow, and negative equity with rising debt). Technicals provide a meaningful offset due to a strong uptrend and positive momentum, though near-overbought readings add some caution. Valuation contributes modestly negative-to-neutral impact because the negative P/E reflects unprofitable operations and no dividend yield is available.

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), the company is leading the establishment of Europe’s first independent lithium hydroxide refinery in Teesside, UK, supplying battery-grade lithium chemicals to meet growing demand from the electric vehicle supply chain in the UK and wider European market.

Average Trading Volume: 50,792

Technical Sentiment Signal: Buy

Current Market Cap: £36.04M

See more insights into ALK stock on TipRanks’ Stock Analysis page.