February
Lithium producer IGO plunges to $782m loss
The miner’s loss highlights Australia’s lithium refining struggles.
January
IGO’s profit pain worsens as lithium stockpiles grow
The battery minerals producer posted a big loss in the last three months of 2024 amid a price slump and a drop in demand. It expects losses to continue.
August 2024
World’s largest lithium mine to lift output, resisting slump
Lithium output at Greenbushes may increase even as miners across the world slash production amid the prolonged slump in prices for the battery metal.
January 2024
IGO ‘confident’ in new CEO Vella after Rio dismissal
IGO told the market on Monday morning the board had confidence in Ivan Vella after investigating his dismissal for handling confidential information.
October 2023
Australia’s largest lithium mine flags output cut on weak China demand
Greenbushes is part-owned by ASX-listed IGO Limited. Shares in the resources group fell 9 per cent on news it could scale back production.
September 2023
Tesla boss urges Chalmers to give tax breaks for lithium processing
A production tax credit of ‘less than 10 per cent’ would put Australia on the map as a global lithium hydroxide processor, Robyn Denholm says.
August 2023
Lithium miner IGO claims $1.1b Greenbushes dividend
Cashed-up miner IGO has rained money on investors thanks to hefty profits from its share of the world’s largest hard rock lithium mine.
Will the lithium price rout kill the next wave of Australian mines?
Lithium-rich spodumene concentrate prices would need to more than halve to jeopardise the next wave of ASX-listed miners’ lithium projects.
July 2023
IGO’s battery chemical plant fizzes
Lithium and nickel miner IGO’s troubled facility casts a pall over Australia’s plans to dent China’s dominance over battery metal refining.
IGO’s stricken Western Areas assets face year-long, $275m blowout
On Monday, the miner slashed nearly $1 billion from the value of two West Australian nickel projects it acquired just last year for $1.3 billion.
May 2023
Santos can’t decide whether to support the Voice
Corporate leaders want to avoid playing into criticism that Indigenous recognition is an elites-led proposal not supported at the grassroots.