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. Lithium is used as an energy storage medium and for electric vehicles. " "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.” 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."
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. Lithium is used as an energy storage medium and for electric vehicles. " 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."