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Toyota and Panasonic have confirmed that they are starting a wide-ranging new battery joint venture to manufacture and sell battery cells for electric vehicles. Toyota Executive Vice President Shigeki Terashi said: “Together with Panasonic, we want to hone our competitiveness in batteries,
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Orocobre
Overview
Orocobre is building a substantial Argentine based industrial chemicals company through its portfolio of lithium, potash and boron assets.
In partnership with Toyota Tsusho Corporation (TTC) and JEMSE, Orocobre has built and is now operating the world’s first commercial, brine-based lithium operation constructed in approximately 20 years.
Orocobre recently announced it will increase the size of the Stage 2 expansion at Olaroz in Argentina by 25,000 tonnes per annum (tpa). The Stage 2 Olaroz expansion will add 25,000 tpa of lithium carbonate production capacity to 42,500 tpa (at full production and capacity) lithium carbonate for sale to industrial, technical and battery markets, positioning Orocobre as one of the world’s largest and lowest cost lithium chemicals producers.
Additionally, Orocobre and Toyota Tsusho Corporation are finalising plans to jointly develop a 10,000 tpa lithium hydroxide plant in Fukushima, Japan with expected operating costs of US$1,500/tonne.
Orocobre also owns Borax Argentina S.A, a well-established boron chemical and mineral producer with extensive operations and a 50-year production history.
Orocobre is dual listed on the Australian Securities Exchange (ASX:ORE), the Toronto Stock Exchange (TSX:ORL) and is included in the S&P/ASX 200 Index.
