Orocobre excited about prospects

Orocobre excited about prospects
Mining News Pro - Orocobre is expecting strong results for the quarter ended June, on the back of increased production.

The ASX- and TSX-listed miner on Friday told shareholders that production during the June quarter had reached 3 300 t of lithium carbonate, compared with the 3 232 t achieved in the March quarter.

Some 66% of the June quarter production was battery-grade lithium carbonate, which was also a significant increase on the previous corresponding period, in which only 21% of production was battery-grade lithium carbonate.

Furthermore, the Olaroz facility noted that sales for lithium carbonate were also up in the June quarter, with prices up 45% on the March quarter results, with lithium prices over the last nine months increasing by more than 170%.

The company is expected to release its quarterly production report later this month.

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