Production has been suspended at Orocobre's 66.5% owned Olaroz operation, and the broker now expects no further production for the rest of the year. Orocobre is otherwise well-placed to fund the current expansion and lithium hydroxide plant construction, the broker notes.

The broker sees lithium prices continuing to weaken for the rest of the year. Add retained, target falls to $4.07 from $4.80.

Sector: Materials.

Target price is $4.07.Current Price is $2.13. Difference: $1.94 - (brackets indicate current price is over target). If ORE meets the Morgans target it will return approximately 48% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena