Orocobre Limited Announces Operating and Sales Results for the Quarter Ended March 2020; Withdraws Production Guidance for the Full Year 2020
For the quarter, the company announced Product sales were 2,518 tonnes of lithium carbonate with an average price of USD 4,810/tonne on an FOB basis and total sales revenue of USD 12.1 million. The average price received during the quarter was down 11% QoQ.
The company has withdrawn full-year production guidance for full year 2020 due to current restrictions with production in Argentina and the high likelihood of ongoing disruption of future demand in global markets.