IGO reports 39% revenue dip amid falling commodity prices
IGO Limited (ASX:IGO), a leading player in lithium and nickel mining, released its quarterly report for the period ending 30 September 2024.
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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.
IGO Limited (ASX:IGO), a leading player in lithium and nickel mining, released its quarterly report for the period ending 30 September 2024.
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Perth-based miner IGO (ASX:IGO) seems to have escaped another round of punishment from investors sceptical about its nickel and lithium operations.
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We saw the mining equivalent of alchemy on Thursday in a deal revealed by IGO (ASX:IGO) and gold tiddler Medallion Metals (ASX:MM8).
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IGO (ASX:IGO), the Perth-based lithium and waning nickel miner, is intensifying its strategy revamp ahead of its reveal in late August.
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Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit from the slump in demand and prices for the key renewable mineral but also endured another miserable period for its other key metal, nickel.
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As expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result.
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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.
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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.
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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.
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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.
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