Orocobre 2020 Half-Year Financial Results – WEBCAST
Orocobre Limited (ORE:ASX ORL:TSX), a dynamic global lithium chemicals supplier, has conducted an online webcast briefing regarding financial results for the half-year ended 31 December 2019 (H1 FY20).
Orocobre Agrees to Acquire Advantage Lithium Corp.
Orocobre Limited (Orocobre or the Company) is pleased to announce that it has entered into a definitive agreement (the Agreement) pursuant to which Orocobre will acquire 100% of the issued and outstanding shares of Advantage Lithium Corp. (Advantage) that it does not already own.
Beijing outlines plans to improve air quality more in 2020, use more new energy vehicles
Beijing will cut smog levels further this year by putting more new energy vehicles (NEV) on its roads, reducing diesel-fuelled truck numbers and tightening its supervision of vehicle emissions and refined oil products, the city said on Thursday. The Beijing Municipality government also said it will aim to cut emissions in the petrochemical industry.
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.