IGO took advantage of the buoyant lithium market in the first quarter of 2022 as spodumene concentrate was sold at a 200 per cent premium from its Greenbushes joint venture project in Western Australia.
The London Metal Exchange (LME) was forced to suspend nickel trading again after an IT glitch saw a handful of trades executed below the daily price limit.
IGO has enjoyed a jump in its net profit after tax (NPAT) in the December quarter as its Nova operations in Western Australia surpassed expectations.
Chalice Mining has commenced drilling at its Hartog prospect within the Julimar nickel-copper-platinum group elements (PGE) project in Western Australia.
The nickel price has jumped to its highest mark since August 2011 as supply struggles to keep up with the demand for the sought-after base metal.
BHP has lent its support to Tanzanian miner Kabanga Nickel, the owner of the world’s largest ‘development-ready’ nickel sulphide deposit. Read more
Poseidon Nickel continues to make progress at its Black Swan project in Western Australia with recent drilling and surveys set to increase the resource and reserve base of the Silver Swan deposit.
IGO has acquired Western Areas and added some of the highest-grade nickel mines in Australia to its portfolio.