Business
The driving ambition behind a $4b lithium merger – The Australian Financial Review
Mainstream adoption of electric vehicles was a distant dream when Orocobre and Galaxy floated in 2007. As they ink a $4b merger, has the future finally arrived?
Orocobre means gold copper in Spanish, but the companys focus turned to lithium shortly before listing when founding director Neil Stuart attended a mining conference in the Argentinian wine region of Mendoza and picked up rights to a salt lake 4000 metres above sea level in the Andes.
Lithium was at the time a very small, opaque industry run by an oligopoly of Chinese, Chilean and American companies.
The lack of credible, transparent price information made banks reluctant to lend to lithium aspirants;…
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