Article

IGO reported increased spodumene production and sales for the December quarter, with output rising to 352,000 tonnes and sales reaching 328,000 tonnes, driven by a 16% increase in average spodumene price to USD 850 per tonne. However, production at the Kwinana lithium hydroxide refinery declined by 24% due to maintenance, resulting in only 35% capacity utilization. The company's underlying EBITDA improved to AUD 30 million, with a net cash position of approximately AUD 299 million at the quarter's end.