IGO Trims Fiscal-Year Lithium Output Estimate

Dow Jones01-29

By Rhiannon Hoyle

Australian miner IGO on Monday downgraded an annual production estimate for the lithium business it owns in a joint venture with China's Tianqi Lithium.

The company revised fiscal 2024 spodumene-concentrate output guidance for the Greenbushes operation to between 1.3 million metric tons and 1.4 million tons, from between 1.4 million and 1.5 million previously.

IGO said earlier cash production-cost guidance of between 280 Australian dollars ($184) a ton and A$330 a ton has been retained, but that it expects costs at the top end of that range.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

January 28, 2024 18:05 ET (23:05 GMT)

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