Early Alchemy is a compilation album produced by Nick Webb of Acoustic Alchemy and the sixth album overall, released on 16 March 1992.

The album was put together from old recordings and outtakes by Webb and Simon James, to give insight into the progression of the band's music.

The album contains the original recordings of "Sarah Victoria" and "Casino", successful Acoustic Alchemy songs co-written by James.

The instrumental make-up of the band differs here too, with a double bass, percussionist and string quartet (The Violettes) backing up the sound of the dual acoustic guitars.