0053 GMT - IGO's 4Q update underscores why the Kwinana battery-grade lithium hydroxide refinery it operates with China's Tianqi under the TLEA joint venture remains the main risk to its stock, Euroz Hartleys says. The Kwinana operation posted a A$28.7 million Ebitda loss in 4Q. IGO forecast a further impairment of A$70 million-A$90 million on the refinery's assets, which could fully impair the first processing unit, or train, at the site. "Kwinana is the risk until its closed or performance improves dramatically," analyst Trent Barnett says. IGO's shares fall 10% to A$4.48, on track for their lowest close since July 10. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 29, 2025 20:53 ET (00:53 GMT)
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