Orocobre sets two lithium contracts with pricing formula

Argentinian lithium miner Orocobre has signed two contracts for lithium sales linked to a pricing mechanism for delivery over the next three years.

The contracts, for the supply a combined 10,000 tonnes of lithium carbonate to two Chinese cathode manufacturers, follow a trend of companies looking at pricing mechanisms to hedge their risk against price volatility.
Lithium carbonate prices have gone down by more than 50% since prices hit a ceiling and started to fall in April 2018, because of oversupply and softening demand.

Fastmarkets assessed the price for lithium carbonate 99.5% LiCO3 min, battery grade, spot prices cif China, Japan...

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