** Morningstar analysts cut battery metal producer IGO's IGO.AX fiscal 2025 dividend forecast to A$0.06 per share from A$0.15
** Analysts say co's JV with Tianqi Lithium 002466.SZ - Tianqi Lithium Energy Australia (TLEA) is unlikely to pay dividend to IGO in 2025 after co suspends dividends amid subdued lithium market
** Morningstar expects lithium prices to recover to roughly $20,000 per metric ton in fiscal 2026 and remain near this level for the rest of the decade - well above spot price of roughly $10,500 per metric ton on Dec. 20
** Says the near-depleted Nova nickel mine in Western Australia is IGO's sole source of operating cash flow without a dividend from TLEA
** Five of 15 analysts rate the stock "buy" or higher, six "hold" and four "sell" or lower; their median PT is A$5.73 – LSEG data
** Stock had fallen 45.9% YTD as of last close
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
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