Alkemy’s TVL Secures Major Lithium Supply Agreement with Chilean Project

The latest announcement is out from Alkemy Capital Investments Plc ( (GB:ALK) ).

Alkemy Capital Investments Plc’s subsidiary, Tees Valley Lithium, has secured a long-term binding feedstock agreement with Touchstone Capital Partners’ Chilean lithium project, Project Llamara. This agreement ensures up to 100,000 tonnes of lithium carbonate equivalent over five years, with an option for additional supply, aligning with TVL’s commissioning schedule. The deal strengthens TVL’s position as a key supplier of battery-grade lithium hydroxide to UK and European gigafactories, leveraging high-grade, low-cost lithium brine from Chile. This strategic move positions TVL as a crucial link in Europe’s battery ecosystem amid projected lithium demand growth driven by electric vehicles and green industrialization.

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 subsidiary, Tees Valley Lithium (TVL), Alkemy is establishing Europe’s first independent lithium hydroxide refinery to supply battery-grade lithium chemicals, catering to the growing demand from the electric vehicle supply chain in Europe.

Average Trading Volume: 44,059

Technical Sentiment Signal: Buy

Current Market Cap: £14.65M

Find detailed analytics on ALK stock on TipRanks’ Stock Analysis page.