OROCOBRE Managing Director & CEO Richard Seville talks with Commsec
Orocobre Managing Director & CEO Richard Seville has spoken with CommSec as part of their Executive Series. Richard discusses the release of Orocobre’s full year 2018 results, lithium price market forecasts, the Toyota Tsusho Corporation Joint Venture and how Orocobre plans to maintain its low-cost profile.
ASX to flick switch on battery tech & lithium themed exchange traded fund
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... View Article
Orocobre 2018 Full Year Financial Results – WEBCAST
Orocobre Limited (ORE:ASX ORL:TSX), a leading and sustainable global supplier of high grade, high value lithium chemicals have conducted an online webcast briefing regarding financial results for the full year to 30 June 2018.
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Market demand for lithium products is largely driven by the increase in use of rechargeable batteries in portable electronic devices and electric transportation.
Lithium-ion batteries provide power for cell phones, smartphones, tablets, laptop computers, power tools, and many other mobile consumer devices. Larger format lithium-ion batteries provide power for electric cars, scooter, electric bikes, buses, forklifts and other forms of transportation.
New applications for lithium are emerging in the areas of grid energy storage, solar and nuclear energy generation, and other industrial uses. Extensive new lithium-ion battery manufacturing plant capital expenditures currently underway are viewed as a positive indicator of future lithium demand.