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Orocobre Q3 production woes force 10% lower guidance

By:  
Creamer Media Deputy Editor: North America
 
LITHIUM PRODUCTION
Argentinian lithium producer Orocobre lost more than 8% on the TSX on Thursday after reporting lower-than-expected lithium production in the fiscal third quarter from the Olaroz mine, as weather issues interfered with evaporation rates, which caused management to lower guidance by 10%. Orocobre revised its full-year guidance down by 10% to 12 600 t of lithium carbonate equivalent (LCE), from 14 000 t LCE.
 
 
 
 
 

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