Orocobre Limited (ASX:ORE) Olaroz Lithium Facility Production Update: "Market Conditions
Prices in recent times have been steadily increasing to over US$6,000/tonne with further increases expected into CY2016 and beyond as lithium market conditions continue to tighten and higher pricing is expected into 2016 based on current negotiations. Strong market demand and supply side constraints are resulting in continued upward pressure on market prices for lithium carbonate. FMC Corporation (NYSE:FMC) announced a 15% price increase in September for lithium products, effective 1st October 2015. SQM (NYSE:SQM) also recently reported higher average prices in 2015 with an average price for the first 9 months of 2015 of ~US$5,700/tonne.
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