Orocobre positioning for lithium growth
ASX- and TSX-listed miner Orocobre is confident that market fundamentals for lithium remains strong, despite short-term price volatility, and is gearing up to put money into a mine expansion in Argentina, as well as into a prime lithium hydroxide plant in Japan.
The miner is fully funded to develop the $285-million Stage 2 expansion at its Olaroz operation, which will add an additional 25 000 t/y of lithium carbonate, increasing production capacity to 42 500 t/y.