Nickel and lithium squeeze takes toll on IGO
As expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result.
Read More
Igo Limited
IGO Limited (ASX: IGO) is a leading ASX-listed exploration and mining company with a strategic focus on high quality assets of scale and longevity, and an evolving strategy to align the business to the structural shift to energy storage.
Videos
Videos coming soon for Igo Limited.
All Igo Limited Content
News
Perth-based IGO faces massive losses due to nickel and lithium price slump
Perth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acquired Cosmos mine in WA.
Read More
Albemarle cuts 300+ jobs amid Greenbushes mine cutback and price changes
A day after IGO (ASX:IGO) revealed a production cutback at the massive Greenbushes lithium mine in southwest WA and introduced a revised pricing structure to lower the effective selling price, one of its mine partners, the US giant Albemarle, reportedly laid off over 300 employees worldwide.
Read More
IGO cuts pricing and output
IGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023.
Read More
IGO clears CEO after confidentiality breach
Perth-based IGO (ASX:IGO) has cleared incoming CEO Ivan Vella after he was summarily fired by his former employer, Rio Tinto, over a confidentiality breach.
Read More
Analyst Views
IGO – UBS rates the stock as Buy
Upgrade to Buy from Neutral given the recent share-price retreat. Target price dips to $12.15 from $12.40.
Read More
IGO – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $15.30 from $16.30.
Read More
IGO – Macquarie rates the stock as Outperform
Macquarie prefers Nickel Mines, IGO Ltd and Western Areas for nickel production. The Lighten rating and $8.50 target are retained.
Read More
IGO – Credit Suisse rates the stock as Neutral
Neutral maintained. Target rises to $6.90 from $6.40.
Read More
IGO – Macquarie rates the stock as Outperform
Macquarie resumes coverage with an Outperform rating and $8 target.
Read More
