ASX:IGO 24 April 2026 - 26 April 2026

IGO hits new $170m tax hurdle as lithium rally cools
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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.
June 9, 2026
IGO Limited Shares Sink 18% After Greenbushes Lithium Downgrade Tests Turnaround Story
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IGO Limited Shares Sink 18% After Greenbushes Lithium Downgrade Tests Turnaround Story

Shares of IGO Limited tumbled 17.92% on Friday, ending at A$7.010, after the company slashed its full-year outlook for the Greenbushes lithium mine. That left the Australian market heading into the weekend with attention squarely on IGO’s expensive operational overhaul. MarketIndex flagged IGO as one of the session’s steepest decliners following the miner’s March-quarter results and presentation. The timing was rough. IGO reported that Greenbushes saw its average realised spodumene price jump almost twofold to US$1,668 per tonne in the March quarter. Production, though, stayed level, and costs climbed. Spodumene, for reference, is the lithium-rich concentrate needed for battery chemical production.
April 26, 2026
IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher
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IGO’s Greenbushes Warning Hits Lithium Stock Just as Prices Turn Higher

IGO Limited slashed its full-year output target for the Greenbushes lithium mine and bumped up its cost outlook, dialing back expectations for one of Australia’s most prominent battery-metals names—even though revenue and cash flow climbed this quarter. The South Perth-based miner has cut its Greenbushes output target for FY26 to a range of 1.375 million to 1.425 million tonnes of spodumene, used in battery chemical production. Previously, the forecast sat between 1.5 million and 1.65 million tonnes. The company’s March-quarter report also flagged higher unit cash costs, now expected at A$380–A$420 per tonne, up from the earlier A$310–A$360 range.
April 24, 2026