IGO has already signalled a nickel writedown between $880 million and $980 million.
The Greenbushes nickel mine enjoyed record quarterly production.
Prices for spodumene fell in the June quarter for the ASX’s lithium producers.
West Australian nickel and lithium miner IGO confessed output at its troubled battery metal refining plant was “well below expectation”, casting doubts over Australia’s plans to dent mainland China’s dominance in battery chemical refining.
The Kwinana lithium hydroxide refinery, south of Perth, produced a mere 142 tonnes in the June quarter, an 85 per cent drop on the March quarter and significantly lower than the plant’s annual nameplate capacity of 24,000 tonnes.
