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Orocobre suspends operations

Kitco News

Orocobre is halting operations at its Argentine operations as the country grapples with COVID-19.

"The government of Argentina enacted the Decree of Necessity and Urgency (DNU) #297/20 on March 19, 2020 requiring a national mandatory quarantine including prohibition of circulation of citizens and movement of personnel and supplies within the country," wrote the company. "Consequently, the Olaroz Lithium Facility (Olaroz) has moved operations to care and maintenance. Plans are being developed to ensure that when quarantine restrictions are lifted production will recommence within a week."

Orocobre said that Olaroz currently holds sufficient stock to meet customer orders until the end of April depending upon the recommencement of operations by customers in Asia and Europe. Supply to customers will remain dependent upon the ability to transport and export product from the Olaroz site to ports in Argentina and/or Chile.

Orocobre has also suspended all development operations related to its Stage 2 Expansion project.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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