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AAP
AAP
Business
Marion Rae

Lithium miner Allkem adds to cash pile for expansion

lithium Australia Canada
Allkem's results continued to demonstrate strong demand from customers, the CEO says. (Jason O'BRIEN/AAP PHOTOS) (AAP)

Lithium miner Allkem expects its business to expand threefold amid the global adoption of electric vehicles.

Allkem on Friday reported a consolidated net profit after tax of $US219 million for the six months to December 31, up from $13m a year earlier, although higher product prices were offset by inflationary pressures.

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