IGO Expects Improvements to Western Australian Facility by March 2025; Shares Down 4%

MT Newswires Live12-23 08:54

IGO (ASX:IGO) said improvements to its Kwinana lithium hydroxide refinery in Western Australia are expected to come online by March 2025 following scheduled maintenance in October, according to a Monday filing with the Australian bourse.

The mining firm owns 49% of Tianqi Lithium Energy Australia, the owner of the facility, the filing said.

It is currently building a lithium hydroxide inventory in the short to medium term, given the prevailing market conditions, the filing added.

Due to low sales and the ramp-up of the lithium hydroxide plant, IGO does not expect Tianqi Lithium Energy Australia to be able to pay a dividend during fiscal 2025, per the filing.

IGO's shares were down almost 4% in recent Monday trade.

Price (AUD): $4.63, Change: $-0.18, Percent Change: -3.65%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2493375271?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-23 08:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2493375271","market":"sg","top_or_hot":-1,"title":"IGO Expects Improvements to Western Australian Facility by March 2025; Shares Down 4%","media":"MT Newswires Live","content":"<html><body><p> IGO (ASX:IGO) said improvements to its Kwinana lithium hydroxide refinery in Western Australia are expected to come online by March 2025 following scheduled maintenance in October, according to a Monday filing with the Australian bourse.</p><p>The mining firm owns 49% of Tianqi Lithium Energy Australia, the owner of the facility, the filing said.</p><p>It is currently building a lithium hydroxide inventory in the short to medium term, given the prevailing market conditions, the filing added.</p><p>Due to low sales and the ramp-up of the lithium hydroxide plant, IGO does not expect Tianqi Lithium Energy Australia to be able to pay a dividend during fiscal 2025, per the filing.</p><p>IGO's shares were down almost 4% in recent Monday trade.</p><p>Price (AUD): $4.63, Change: $-0.18, Percent Change: -3.65%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IGO Expects Improvements to Western Australian Facility by March 2025; Shares Down 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIGO Expects Improvements to Western Australian Facility by March 2025; Shares Down 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 08:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IGO (ASX:IGO) said improvements to its Kwinana lithium hydroxide refinery in Western Australia are expected to come online by March 2025 following scheduled maintenance in October, according to a ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WRN","symbol_name":"西方铜金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2493375271","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493375271","pubTimestamp":1734915277,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"IGO  said improvements to its Kwinana lithium hydroxide refinery in Western Australia are expected to come online by March 2025 following scheduled maintenance in October, according to a Monday filing with the Australian bourse.The mining firm owns 49% of Tianqi Lithium Energy Australia, the owner of the facility, the filing said.It is currently building a lithium hydroxide inventory in the short to medium term, given the prevailing market conditions, the filing added.Due to low sales and the ramp-up of the lithium hydroxide plant, IGO does not expect Tianqi Lithium Energy Australia to be able to pay a dividend during fiscal 2025, per the filing.IGO's shares were down almost 4% in recent Monday trade.Price : $4.63, Change: $-0.18, Percent Change: -3.65%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WRN":"西方铜金","BK4168":"多种金属与采矿","PLS.AU":"PILBARA MINERALS LTD","XAO.AU":"标普/澳交所 普通股指数","LU2238339852.HKD":"NINETY ONE GSF GLOBAL ENVIRONMENT \"A\" (HKD) ACC","BK7506":"金矿股","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","IGO.AU":"IGO LTD","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","BK7504":"锂钴概念","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","AUD":"Audacy Inc.","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","BK7095":"多种金属与采矿","BK4125":"广播","BK7507":"资源股"},"translate_title":"IGO预计到2025年3月西澳大利亚设施将得到改善；股价下跌4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XKO.AU":1,"XJO.AU":1,"XAO.AU":1,"WRN":1,"AUD":1,"PLS.AU":0.9,"IGO.AU":0.9},"content_text":"IGO (ASX:IGO) said improvements to its Kwinana lithium hydroxide refinery in Western Australia are expected to come online by March 2025 following scheduled maintenance in October, according to a Monday filing with the Australian bourse.The mining firm owns 49% of Tianqi Lithium Energy Australia, the owner of the facility, the filing said.It is currently building a lithium hydroxide inventory in the short to medium term, given the prevailing market conditions, the filing added.Due to low sales and the ramp-up of the lithium hydroxide plant, IGO does not expect Tianqi Lithium Energy Australia to be able to pay a dividend during fiscal 2025, per the filing.IGO's shares were down almost 4% in recent Monday trade.Price (AUD): $4.63, Change: $-0.18, Percent Change: -3.65%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493375271"}