IGO Trims Fiscal-Year Lithium Output Estimate
Provided by
Dow Jones
By Rhiannon Hoyle
Australian miner IGO on Monday downgraded an annual production estimate for the lithium business it owns in a joint venture with China's Tianqi Lithium.
The company revised fiscal 2024 spodumene-concentrate output guidance for the Greenbushes operation to between 1.3 million metric tons and 1.4 million tons, from between 1.4 million and 1.5 million previously.
IGO said earlier cash production-cost guidance of between 280 Australian dollars ($184) a ton and A$330 a ton has been retained, but that it expects costs at the top end of that range.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
January 28, 2024 18:20 ET (23:20 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks
United States