Basic Materials Roundup: Market Talk

2244 GMT [Dow Jones]— Allkem lithium developments remain at risk of delays as these assets will likely have to compete for capital and bandwidth under a new capital management framework that will follow the company’s combination with Livent Jefferies says. “Increased capital expectations, adjustments to operating costs, and revisions in project timelines continue to demonstrate the difficulty in bringing lithium units to market,” analyst Mitch Ryan says in a note. Total capital required for Allkem’s growth projects is now projected to be 23% higher than Jefferies’s forecasts, spread over several years.