Ann: IGO and Western Areas agree to amend Scheme of Arrangement, page-7

I think onwards and upwards too MMStill….

IGO seems to me to be setting itself up brilliantly for the long term future and the 15% higher price required to secure the WSA nickel asset will hopefully ‘work through’ very quickly;
… here’s a reminder of that nickel prediction from Woods Mackenzie that IGO used in its’ presentation last week;

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wa5zBD3v/5+8LFiGug=

… And the market has already given it a 3% price daily appreciation green light, and the news of first production of battery grade lithium hydroxide should also light a bit of a firecracker under the price I think - just by virtue of the fact it will be an Australian first and so likely make headlines, if nothing else.

… But there will be something elses;​

While that announcement is overdue, while Tianqi and Primero are ironing out teething difficulties, the spot price on hydroxide continues to increase ( with 12ktpa booked to IGO just from Train One).


cheers

https://www.lme.com/en/metals/ev/about-lithium

Lithium hydroxide weekly price

Fastmarkets MB lithium hydroxide monohydrate: min 56.5% LiOH²O battery grade, spot prices CIF China, Japan and Korea, $/KG.

	Column 1	Column 2
1	Date	Price (US$ per kilogram)
2	07 April 2022	80.25
3	31 March 2022	77.50
4	24 March 2022	72.50
5	17 March 2022	69.75