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 . "
Shares in lithium miner Orocobre jumped more than 10% on 30 August after the it announced a maiden profit of $19.4m. The company produced 11,682 tonnes of lithium carbonate, 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 market demand Orocobre will grow organically through a staged series of expansions at Olaroz (in Argentina) for select partners in the battery market."