Allkem's first-quarter revenue rises nearly 10%

Lithium miner Allkem posted a 9.7% jump in first-quarter revenue on Thursday, driven by higher production from its flagship Mt Cattlin project in Western Australia and Olaroz lithium facility in Northern Argentina.

The Argentina-headquartered company, which is nearing the close of its $10.6-billion merger with Livent, said revenue was $327-million for the three months ended Sept. 30, compared with $298-million a year earlier.