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Orocobre selected in first lithium ETF

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Orocobre has been included in the world’s first lithium based exchange-traded fund.

The ETF, launched by Global X Funds, is designed to track performance of the largest and most liquid lithium mining, refining and battery producing companies in the world.

Managing director Richard Seville says: "Orocobre’s selection highlights the important position of Orocobre in the emerging lithium industry, and the promising outlook for Lithium as a strategic commodity.

"This is a vote of confidence in the lithium sector as a whole and follows strong support in the sector from major global motor vehicle suppliers and companies, such as our partner Toyota Tsushu.

"Investors are increasingly aware of lithium’s important role in a variety of battery applications, in particular for use in electric propulsion."

Orocobre is listed on the Australian Securities Exchange and Toronto Stock Exchange and is a lithium-potash developer in the lithium and potassium rich Puna Lithium Province of Argentina.

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