June Half 2018 Lithium Carbonate Pricing Guidance
BRISBANE, Australia, Dec. 17, 2017 /CNW/ -- 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 20181production. 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."
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