.IGO_Difference has marked a record quarter, despite its nickel assets facing massive write-downs criticalminerals mining resources lithium lithiumhydroxide BatteryMetals
PERTH – Critical minerals producer IGO has marked another record quarter of results in the three months to June, with nickel production up 14% quarter-on-quarter and spodumene production up 11% in the same period.
IGO on Monday reported that spodumene production in the fourth quarter ended June had reached 395 000 t, up from the 356 000 t produced in the third quarter, bringing full-year production to 1.49-million tonnes, which was above the guided 1.35-million to 1.45-million tonnes. “At Kwinana, the ramp-up of Train 1 experienced ongoing technical challenges following the scheduled shutdown during the quarter, which resulted in a lower-than-expected quarter of production. Tianqi Lithium Australia is now working towards reaching approximately 50% production capacity rate by the end of 2023,” he added.
Meanwhile, nickel-in-concentrate production for the quarter ended June reached 9 549 t, up from the 8 358 t produced in the previous quarter, bringing full-year production to 34 846 t, which was in line with the guided 33 500 t to 37 500 t.
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