Shares in battery miner Orocobre rose more than 10 % on 30 June after the it announced a maiden investment of $ 19.4 m . The company produced 11,682 tonnes of lithium annually , or 5 % to 6 % of global supply , in 2017 . CEO Richard Seville says Orocobre is now a mainstream, profitable, low cost producer of lithium carbonate. " Global market fundamentals for lithium remain intact with strong demand growth , tight supply and attractive pricing " , said CEO Richard Seville . " In meeting this demand Orocobre will grow organically through a staged series of acquisitions at first ( in Argentina ) for select partners in the battery market . "
Shares in battery miner Orocobre rose more than 10 % on 30 June after the it announced a maiden investment of $ 19.4 m . The company produced 11,682 tonnes of lithium annually , or 5 % to 6 % of global supply , in 2017 . " Global market fundamentals for lithium remain intact with strong demand growth , tight supply and attractive pricing " , said CEO Richard Seville . " In meeting this demand Orocobre will grow organically through a staged series of acquisitions at first ( in Argentina ) for select partners in the battery market . "