Feb 24 (Reuters) - Australian lithium miner Allkem Ltd reported a more than ten-fold jump in its first-half
profit on Friday, boosted by sky-rocketing prices for the
battery metal as demand surges amid a global push towards
greener sources of energy.
The company recorded a net profit attributable of $180.4
million for the half-year ended Dec. 31, compared with $16.6
million reported a year earlier.
(Reporting by Nausheen Thusoo and Echha Jain in Bengaluru;
Editing by Krishna Chandra Eluri)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.