CAPITAL MARKETS

Slight profit decrease for Orocobre in soft market

WHILE pricing currently remains weak, ASX lithium heavyweight Orocobre expects to increase production "at least" 5% in the new financial year underway after a 2019 performance that yielded 12,605 tonnes and an underlying net profit after tax of US$24.8 million.

 Pricing not pretty but operations going well for Orocobre in Argentina

Pricing not pretty but operations going well for Orocobre in Argentina

The latter was a slight reduction on the previous year and came as earnings fell from $86.7 million to $54.1 million, mainly due to lower pricing in the lithium sector. Still, the company enjoyed a...

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