orocobre-ltd-logowill compete with the FMC Corp. and Chile Socieda to produce lithium carbonate used to manufacture the battery used electrical equipment.

Orocobre Ltd will invest $ 104 million for exploration of the lithium salt mines in Argentina. Lithium production plan will commence in 2011. Lithium production is estimated to reach 35,000 metric tons per year.

Argentine government hoped Australian mining company’s investment will help increase the production of lithium Argentina.

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