Australia set to be a leader in $1.7 trillion battery industry
Australia is forecast to be a global leader in a battery storage technology boom which is growing more swiftly than previously predicted. Bloomberg New Energy Finance has predicted batteries will quickly become cheaper than it originally forecast last year, with prices to fall by more 50 per cent through to 2030 as it grows into... View Article
Orocobre Market Update Online Briefing
To listen to a recording of Orocobre’s latest webcast briefing, where Managing Director & CEO Mr Richard Seville discusses the Quarterly Activities Report for the period ending 30 September 2018, click on the media player below.
Australia’s First 350kW Electric Vehicle Charging Stations Confirmed
A network of ultra-fast electric vehicle recharge stations powered exclusively by renewable energy will receive $6 million in funding from the Australian Federal Government. 18 stations will be located no more than 200km apart on the main highway that links Brisbane, Sydney, Canberra, Melbourne and Adelaide.
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.
