High lithium stocks weigh on Orocobre H1 outlook
Published: Monday, 03 February 2020
Lithium prices will remain under pressure for the first half of 2020, Australian miner Orocobre said, reporting a nearly 50% drop in its lithium carbonate prices.
"In the short term, higher-than-normal inventory levels in
some parts of the supply chain are expected to temper price
recovery, concealing an underlying improvement in demand,"
Orocobre said in a quarterly results statement on Tuesday
The average sales price of lithium carbonate produced at
Orocobre’s Olaroz operation in...