https://www.miningweekly.com

Orocobre's revenue falls on lower lithium prices

30th January 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Dual-listed lithium miner Orocobre has reported a 44% drop in revenue for the December quarter as lithium prices tumbled.

Lithium production during the December quarter reached 3 586 t, up slightly from the 3 093 t in the previous quarter, and down 5% on the previous corresponding period.

Sales tonnage also increased by 6% in the December quarter, to 3 287 t, and by 9% compared with the previous corresponding period; however, the average price received for Orocobre’s lithium product declined by 24% quarter-on-quarter, and by 49% compare with the previous corresponding period, to $5 419/t.

Revenue for the three months to December declined by 19% compared with the September quarter, to $17.8-million, and by 44% compared with the $32-million achieved in the previous corresponding period.

Looking at the year ahead, Orocobre expected full-year production in 2020 to be at least 5% higher than 2019.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.156 0.193s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: