IGO Ltd. shares fell as much as 14% after the company sharply cut production guidance for Greenbushes, the world’s largest hard-rock lithium mine. Output is now expected at 1.38–1.43 million tons, down from 1.50–1.65 million, citing systemic issues across safety, feed grade, recoveries, maintenance, and plant reliability. IGO also reported higher underlying earnings of A$119 million versus A$30 million a year earlier, supported by stronger lithium prices. Analysts said the downgrade represents a

IGO Ltd. shares fell as much as 14% after the company sharply cut production guidance for Greenbushes, the world’s largest hard-rock lithium mine. Output is now expected at 1.38–1.43 million tons, down from 1.50–1.65 million, citing systemic issues across safety, feed grade, recoveries, maintenance, and plant reliability. IGO also reported higher underlying earnings of A$119 million versus A$30 million a year earlier, supported by stronger lithium prices. Analysts said the downgrade represents a reset in expectations rather than a one-off shortfall.