ASX:IGOMetals and Mining
Can IGO (ASX:IGO) Turn Greenbushes’ Strength Into a Coherent Battery Materials Capital Strategy?
In its December quarter update, IGO reported stronger earnings underpinned by higher spodumene production and pricing at Greenbushes, alongside first ore through the new CGP3 plant, while the Kwinana lithium hydroxide refinery remained hampered by outages and high costs.
This contrast between a high-margin Greenbushes operation and a loss-making Kwinana refinery is sharpening the focus on how IGO allocates capital across its battery materials portfolio.
We will now examine how Greenbushes’...