March 12, 2019 / 10:45 PM / 6 months ago

Orocobre CEO says lithium prices likely to remain volatile

HOUSTON (Reuters) - Lithium producer Orocobre Ltd expects prices for the white metal used to make electric vehicle batteries to remain volatile for the short term, a step likely to make financing difficult for new industry projects, its chief executive said on Tuesday.

Orocobre, which operates in Argentina, has seen its lithium prices drop 40 percent in the past six months, Chief Executive Martin Perez de Solay told the CERAWeek energy conference on Tuesday.

“We continue to see and expect volatility in the market,” he said. “The market is changing significantly on the demand side and on the supply side.”

Reporting by Ernest Scheyder; Editing by Lisa Shumaker

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