Ann: Orocobre Limited - Cauchari Drilling Update, page-25

I don't understand why people think there would be a negative correlation with oil. If oil is rallying then that is good for lithium batteries for electric vehicles (of course there are many other uses for lithium, but EV's are seen as the big growth area), because lithium is a substitute for oil. The lithium price was down 0.75% and I wonder if it's no coincidence that the SP was down 0.71% today. Having said that, I don't expect the ORE SP to track the Li price that closely going forward, there are far more other drivers, such as the new tax in Argentina, the Olaroz expansion, the LiOH plant in Japan and AAL drill results etc etc.