R/€ = 16.60 Change: 0.01
R/$ = 14.80 Change: 0.02
Au 1341.83 $/oz Change: -13.09
Pt 802.97 $/oz Change: -11.12
 
 
R/€ = 16.60 Change: 0.01
R/$ = 14.80 Change: 0.02
Au 1341.83 $/oz Change: -13.09
Pt 802.97 $/oz Change: -11.12
 
 
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Orocobre CEO says lithium prices likely to remain volatile

13th March 2019 BY: Reuters

HOUSTON – Lithium producer Orocobre expects prices for the white metal used to make electric vehicle batteries to remain volatile for the short term, a step likely to make financing difficult for new industry projects, its chief executive said on Tuesday.

Orocobre, which operates in Argentina, has seen its lithium prices drop 40% in the past six months, CEO Martin Perez de Solay told the CERAWeek energy conference on Tuesday.

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"We continue to see and expect volatility in the market," he said. "The market is changing significantly on the demand side and on the supply side." 

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EDITED BY: Reuters
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