Mr. Richard Seville reports
JUNE HALF 2018 LITHIUM CARBONATE PRICING GUIDANCE
Orocobre Ltd. is providing an update on expected lithium carbonate pricing.
Lithium carbonate delivery quantities and pricing have now been finalized for approximately 85 per cent of the June half-year 2018 production. Tight market conditions have resulted in increased contract prices being negotiated, which, combined with orders carried over from 2017, are expected to result in pricing for the June half-year 2018 approximately 25 per cent higher than prices received in the December half-year 2017. The company will meet previous pricing guidance for the December quarter of more than $11,000 (U.S.)/tonne.
Managing director and chief executive officer 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."
About Orocobre Ltd.
Orocobre is a dynamic global lithium carbonate supplier and an established producer of boron.
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