Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

Lithium Producers Can’t Expand Fast Enough To Meet Demand: An Interview With Orocobre Ceo Richard Seville

Lithium Producers Can’t Expand Fast Enough To Meet Demand: An Interview With Orocobre Ceo Richard Seville

THE ONLY JUNIOR LITHIUM PRODUCER IN THE WORLD:
OROCOBRE LIMITED (ORL-TSX)

I’ve been studying lithium all through 2016.  Lithium and lead are the key to renewable energy like wind and solar.  These “clean” power sources need enough power density in battery storage to make them economic on a large scale—and that will come from lead and lithium.

Orocobre is the only junior lithium producer in the world.  They went public in December 2007, and made the leap from explorer to developer to producer in seven years, when their Olaroz lithium facility came onstream in Argentina.

They are now very focused on expanding the successful Phase 1, and have targeted a 2019 timeframe for Phase 2.  Phase 2 will involve a duplication of the current plant with some enhancements for 17,500 tonnes of lithium carbonate production and a possible lithium hydroxide plant in Japan.

Being focused on production, they farmed out their key development and exploration assets to Advantage Lithium (AAL-TSXv).

I was able to grab 75 minutes of CEO Richard Seville’s time on Skype as he rested in London England after a long flight.

We had a GREAT chat—which you can read below—on

The challenges of getting the Olaroz mine into production
The challenges that current industry producers will have expanding production
How they wanted to joint venture their best development asset and top exploration projects
Why they chose Advantage Lithium
The synergies between the Olaroz Lithium Mine and the Cauchari deposit that was joint-ventured to Advantage
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Keith:          Richard, you’ve been producing lithium for 18 months at the Olaroz mine in Argentina and you must be happy with the way the lithium market price has evolved for you guys. Your timing has proven to be really fortuitous. Was your team expecting this kind of price rise in lithium or hoping for it? How close to reality has it been to what you expected when you were building Olaroz?

To continue reading please click link https://oilandgas-investments.com/2016/top-stories/lithium-producers-cant-expand-fast-enough-to-meet-demand-an-interview-with-orocobre-ceo-richard-seville/