0139 GMT - Lithium miner IGO's 18% share-price fall on Friday following a production guidance downgrade doesn't shift Macquarie from an outperform call on its stock. That's because IGO has exposure to the Greenbushes mine in Australia, which Macquarie considers a top-tier lithium asset. "While several factors drive near-term operational volatility, resource quality is inherently more stable over the short to medium term," Macquarie says. IGO ended last week at A$7.01, trading at an implied lithium price of US$1,150/ton. That is 50% below the spot lithium price of US$2,390/ton. It's also 10% below Macquarie's long-term price assumption of US$1,350/ton. IGO claws back some of Friday's losses, rising 5.1% to A$7.37. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 26, 2026 21:39 ET (01:39 GMT)
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