Orocobre June Quarter Output 3,300 Tonnes of Lithium Carbonate
Comment of the Day

July 09 2021

Commentary by Eoin Treacy

Orocobre June Quarter Output 3,300 Tonnes of Lithium Carbonate

This note covering Orocobre’s production results today may be of interest.  

About 66% of production was battery grade lithium carbonate vs 21% a year earlier.

Sales of Olaroz lithium carbonate were 2,549t at $8,476/t FOB, with pricing up 45% on the March quarter

Inventory has increased due to Covid-19 related transport delays and the requirement to hold additional safety stock in Japan to guarantee delivery into the Prime Planet Energy and Solutions contract

Eoin Treacy's view

Prime Planet Energy and Solutions is a joint venture between Toyota and Panasonic to produce enough batteries for 500,000 vehicles per annum. The factory is reaching completion in Japan and Orocobre will be supplying the lithium required for the project. 

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