Orocobre hit by FX costs as lithium ramp up ongoing
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...