VIII International Seminar: Lithium in the South America Region
Orocobre Limited CEO and Managing Director Martín Pérez de Solay presented at the annual “VIII Seminario Internacional: Litio en la Región de Sudamérica” speaking in detail about the current levels of production at the Olaroz Lithium Facility, progress of the Stage 2 Expansion project, the current state of the lithium market and Sales de Jujuy... View Article
Olaroz Lithium Facility’s Stage 2 Expansion continues to advance steadily
As part of his presentation at “VIII Seminario Internacional: Litio en la Región de Sudamérica” (VIII International Seminar: Lithium in South America), Chief Executive Officer and Managing Director of Orocobre Limited, Mr. Martín Pérez de Solay was interviewed exclusively by the event organisers PANORAMA MINERO.
Toyota Tsusho to wait on EV market before upping lithium investment
Toyota Tsusho Corp, one of the world’s biggest lithium producers, said on Friday it would take at least two more years to properly gauge the global electric vehicle (EV) market’s direction before deciding whether to further expand supply. Over the next 2-3 years, major automakers would be introducing more electric cars, making EVs less of... View Article
September 3, 2018
The ASX will flick the switch on a Battery Technology & Lithium themed Exchange Traded Fund on Monday in a development that will both capitalise on, and stoke the growing interest, in electric cars. The Battery Technology & Lithium ETF will trade under the code ACDC in a nod to the firm’s Australian founder Graham Tuckwell and his love of the Australian hard-rock band.
ACDC will contain 28 stocks including four lithium miners. The remaining stocks are battery plays from a list compiled by the US Department of Energy database of companies active in grid-connected energy storage projects. ETF Securities Australia head Kris Walesby said the ETF tracks the Solactive Battery Value-Chain Index, an index already used in Europe by competitor Legal & General for an ETF that launched in 2018 and has attracted $25 million. ETF Securities Australia manages more than $1 billion for local investors.
Among the 28 equally weighted stocks are Tesla, BMW, Nissan, GE, Samsung SDI, NEC, Toshiba, Hitachi Chemical, Sony, Mitsubishi Electric and Orocobre. Mr Walesby noted that with world stores of lithium forecast to last 183 years the number of miners included in the ETF has been capped. ACDC aims to deliver investors with a diversified exposure to the electric vehicle theme in order to offset the wild swings and gyrations that individual stocks like Tesla and lithium miners like Orocobre frequently deliver.