IGO Ltd
IGO: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $ | LOCK|Bt<W@ | LOCK|N>??zc |
A Healthy Balance Sheet Means IGO Is Well Placed to Weather Soft Lithium Market
Business Strategy and Outlook
IGO’s primary asset is a noncontrolling 25% stake in the Greenbushes mine, the world’s largest and lowest-cost hard rock lithium operation. The mine is operated by Talison Lithium, a joint venture between IGO, Albemarle, and effective-controller Tianqi Lithium. IGO is entitled to a dividend from Talison, paid out of free cash flow.
