IGO hits new $170m tax hurdle as lithium rally cools
IGO Limited faces renewed scrutiny over a tax dispute heading into Wednesday’s ASX open. Shares in the lithium and nickel miner closed at A$8.98, up steeply over time but now down about 6% from a week ago after running higher and then pulling back. ASX trading hadn’t started yet in Sydney, with the cash market set to open just before 10 a.m. and run until 4 p.m. That means Tuesday’s close is still the last solid price. Markets were shut Monday for the King’s Birthday holiday, so it’s a short trading week.