BRISBANE, Australia,
Dec. 17, 2017 /PRNewswire/ --
Orocobre Limited (ASX: ORE, TSX: ORL) ("Orocobre" or "the
Company") is pleased to provide an update on expected lithium
carbonate pricing.
Lithium carbonate delivery quantities and pricing have now been
finalized for approximately 85% of the June half 20181
production. Tight market conditions have resulted in increased
contract prices being negotiated which, combined with orders
carried over from 20171, are expected to result in
pricing for the June half 20181 approximately 25%
higher than prices received in the December half 20171.
The company will meet previous pricing guidance for the December
quarter of more than US$11,000/tonne.
Managing Director and CEO, Mr Richard
Seville commented, "Contract prices are rising in all
markets and we expect this to continue in the foreseeable future as
new demand for lithium chemicals exceeds new supply."
For more information please contact:
Andrew Barber
Investor
Relations Manager
T: +61 7 3871
3985
M: +61 418 783
701
E: abarber@orocobre.com
About Orocobre Limited
Orocobre Limited (Orocobre) is
a dynamic global lithium carbonate supplier and an established
producer of boron.
Orocobre is dual listed on the Australia and Toronto Stock Exchanges (ASX:
ORE), (TSE: ORL). Orocobre's operations include its Olaroz Lithium
Facility in Northern Argentina,
Borax Argentina, an established Argentine boron minerals and
refined chemicals producer and a 33% interest in Advantage
Lithium.
For further information, please visit
www.orocobre.com
1 All references to years are calendar year.
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SOURCE Orocobre Limited