Orocobre: lithium price has hit bottom and is expected to rise early next year.

SMM11 March 9: recently, Orocobre said in its quarterly report that lithium prices have hit bottom and are expected to rise in early 2021.

In the third quarter, the company's lithium carbonate production was 2352 tons, down 24% from the same period last year and 6% month-on-month. In terms of sales volume, the company sold 3393 tons of lithium carbonate in the third quarter, up 9% from the same period last year and 112% from the previous quarter. The details are as follows:

Lithium metal can be used as a key component of lithium-ion batteries in electronic devices, smartphones, notebook computers and electric vehicles (EV).