IGO hits new $170m tax hurdle as lithium rally cools
IGO shares closed at A$8.98, down about 6% from a week earlier before the ASX opened Wednesday. IGO and Tianqi Lithium may face over A$170 million in tax liabilities as the ATO investigates their 2020 joint venture. The S&P/ASX 200 dropped 0.24% Tuesday, with materials stocks underperforming. Markets were closed Monday for the King’s Birthday holiday.
