Greenbushes CGP3 Facility Could Be Shut for Three Months -- Market Talk

Dow Jones06-17

0133 GMT - Canaccord Genuity expects a three-month shutdown at Greenbushes' CGP3 lithium-processing facility partly owned by IGO, followed by ramp-up at the operation. "Footage from the event appears to show a belt fire [generally the most typical source of process plant fires]; however, it is far from clear what the extent of the damage is or how it started," the broker says. There could be options to work around the damage and operate at reduced capacity if the fire didn't spread, or for the operation to use higher-grade ore to reduce the impact of the event, CG adds. It keeps a buy rating on IGO, but pares its target on the stock to A$10.00 from A$10.80. IGO owns Greenbushes with Tianqi Lithium and Albemarle. IGO shares are up 0.6% at A$8.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 16, 2026 21:33 ET (01:33 GMT)

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There could be options to work around the damage and operate at reduced capacity if the fire didn't spread, or for the operation to use higher-grade ore to reduce the impact of the event, CG adds. It keeps a buy rating on IGO, but pares its target on the stock to A$10.00 from A$10.80. IGO owns Greenbushes with <a href=\"https://laohu8.com/S/TQLCF\">Tianqi Lithium</a> and Albemarle. IGO shares are up 0.6% at A$8.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2026 21:33 ET (01:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"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>Greenbushes CGP3 Facility Could Be Shut for Three Months -- Market Talk</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\">\nGreenbushes CGP3 Facility Could Be Shut for Three Months -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-17 09:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0133 GMT - <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> expects a three-month shutdown at Greenbushes' CGP3 lithium-processing facility partly owned by IGO, followed by ramp-up at the operation. \"Footage from the event appears to show a belt fire [generally the most typical source of process plant fires]; however, it is far from clear what the extent of the damage is or how it started,\" the broker says. There could be options to work around the damage and operate at reduced capacity if the fire didn't spread, or for the operation to use higher-grade ore to reduce the impact of the event, CG adds. It keeps a buy rating on IGO, but pares its target on the stock to A$10.00 from A$10.80. IGO owns Greenbushes with <a href=\"https://laohu8.com/S/TQLCF\">Tianqi Lithium</a> and Albemarle. IGO shares are up 0.6% at A$8.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 16, 2026 21:33 ET (01:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALBG","symbol_name":"Leverage Shares 2X Long ALB Daily ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2644791799","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644791799","pubTimestamp":1781659980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0133 GMT - Canaccord Genuity expects a three-month shutdown at Greenbushes' CGP3 lithium-processing facility partly owned by IGO, followed by ramp-up at the operation. \"Footage from the event appears to show a belt fire [generally the most typical source of process plant fires]; however, it is far from clear what the extent of the damage is or how it started,\" the broker says. There could be options to work around the damage and operate at reduced capacity if the fire didn't spread, or for the operation to use higher-grade ore to reduce the impact of the event, CG adds. It keeps a buy rating on IGO, but pares its target on the stock to A$10.00 from A$10.80. IGO owns Greenbushes with Tianqi Lithium and Albemarle. IGO shares are up 0.6% at A$8.82. 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There could be options to work around the damage and operate at reduced capacity if the fire didn't spread, or for the operation to use higher-grade ore to reduce the impact of the event, CG adds. It keeps a buy rating on IGO, but pares its target on the stock to A$10.00 from A$10.80. IGO owns Greenbushes with Tianqi Lithium and Albemarle. IGO shares are up 0.6% at A$8.82. 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