ORE 5.11% $6.13 orocobre limited

Ann: Orocobre Limited - Recent weather at Olaroz Lithium Facility, page-31

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    Bargain city. Shares under $3 for what is set to be one of the biggest low cost lithium producers! Japanese carmaker Toyota Tsusho Corporation owns an indirect 25% stake in the operation, while provincial resources firm JEMSE owns an 8.5% stake. Toyota acts as an exclusive sales agent for lithium produced at Olaroz. The companies recently approved a project to expand production capacity at Olaroz by 25,000 mt/year to 42,500 mt/year of lithium carbonate, a move that would make it one of the world's largest, low-cost lithium producers. Part of the additional production would be processed at a new 10,000 mt/year lithium hydroxide plant that Orocobre and Toyota are also planning to build at Fukushima, Japan. Both projects are expected to be commissioned during the second half of 2020.
    Last edited by Koi-7: 19/02/19
 
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