Over the past few months, I have been building my investment in LON:ALK, capitalising on the current prices, director backing, and disruptive potential of the lithium refinery sector. ALK shares have experienced a significant loss of over 50% from their highs of 382p per share back in December 2022, after they secured a 30-year lease for Tees Valley Lithium’s proposed refinery, to around 170p per share and a current market cap of just over £12 million.
Although my average cost basis stands slightly below the current price at just under 200p per share, I view this as a fantastic opportunity. Alkemy Capital, through its subsidiary Tees Valley Lithium, is actively constructing a lithium hydroxide monohydrate refinery at Wilton International, Teeside, UK. Additionally, they are developing a lithium sulphate monohydrate refinery in Port Hedland, Australia, which will serve spodumene miners and supply Tees Valley Lithium.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.