JEMSE (Jujuy Energía y Minería Sociedad del Estado)

JEMSE is a 'Sociedad del Estado' of the Province of Jujuy — a legal form that is by definition wholly state-held. Allkem's Olaroz technical report summary describes JEMSE's 8.5% stake as the vehicle that 'provides the Provincial Government with a direct interest in the development of the Olaroz Lithium Facility', i.e. the majority partner's own filing treats JEMSE as the province's holding vehicle. No LEI and no public shareholder register exist to cross-check.

This company sits on the supply side for 1 of its 1 materials — a restriction on those is a tailwind, not a headwind.

As a producer, policy pressure across its produced materials is flat.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

No actions in the register have named or swept this company in the last 24 months.