Orocobre hit by FX costs as lithium ramp up ongoing

By Myles McCormick
Published: Monday, 19 September 2016

The company expects to be selling lithium carbonate at $10,000/tonne by year-end. Borates revenues fell following a shift away from higher value refined products.

Lithium and borates producer Orocobre Ltd reported a net loss of $21.958m for the full year ending June 2016.

The performance was largely accounted for by a $20.9m loss derived from foreign exchange, resulting from the devaluation of the Argentinian peso.

The company began commercial production...

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