Shares in lithium miner Orocobre jumped 5% to 6% on 30 August after the it announced a maiden profit of $19.4m . A short time ago, the shares were 10.9% higher at $3.75. The company produced 11,682 tonnes of lithium carbonate, or more than 10% of global supply, in 30 August . "Global market fundamentals for lithium remain intact with strong demand growth, tight supply and attractive pricing", said CEO Richard Seville . " In meeting market demand Orocobre will grow organically through a staged series of expansions at Olaroz (in Olaroz ) for select partners in the battery market."
Shares in lithium miner Orocobre jumped 5% to 6% on 30 August after the it announced a maiden profit of $19.4m . The company produced 11,682 tonnes of lithium carbonate, or more than 10% of global supply, in 30 August . "Global market fundamentals for lithium remain intact with strong demand growth, tight supply and attractive pricing", said CEO Richard Seville . "In meeting market demand Orocobre will grow organically through a staged series of expansions at Olaroz (in Olaroz ) for select partners in the battery market."