IGO Ltd
IGO: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @! | LOCK|?c<^% | LOCK|<&$$cr |
IGO's Greenbushes Is Resilient, but Lithium Remains Challenged
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.
