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IGO ( (AU:IGO) ) has shared an update.
IGO Limited announced an impending impairment related to its Kwinana Lithium Hydroxide Refinery, where it holds a significant interest through Tianqi Lithium Energy Australia. The company anticipates a notable pre-tax impairment, which will be reflected in its upcoming financial results for the half year ended December 2024, with full details to be disclosed in February 2025.
More about IGO
IGO Limited operates in the mining and resources industry, focusing primarily on lithium production. The company holds a 49% interest in Tianqi Lithium Energy Australia, which is involved in lithium hydroxide refining.
YTD Price Performance: 2.74%
Average Trading Volume: 605
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.4B
For a thorough assessment of IGO stock, go to TipRanks’ Stock Analysis page.
