Production up on Spodumene (5% up), Lithium Hydroxide (200% up).

Production on Nickel concentrate down 26% due to fire

Announced 14 cent dividend

Credit Suisse: 12% estimate price cut to $11.60

JP Morgan: 3% estimate cut down to target of $13.70

Looks like the uncertainty in this market has really baffled everyone. But I suppose they all provide some sort of uplift from current levels.

From Wall St Journal Commentary:

Investors paid too much attention to the immediate outlook for lithium pricing when IGO released its 4Q report on Wednesday, says Jefferies. "A significant focus on pricing metrics, while relevant in the short term, missed the point that the formula under which they are calculated is up for renegotiation in September 2022," analyst Mitch Ryan says in a note. "Given the broader market dynamics, and tenor of offtakes currently being signed, we would expect that the contract is moved closer to a rolling market price as part of the negotiations by year end." Jefferies retains a buy call and A$15.50/share price target on IGO, which settled at A$9.98 on Wednesday.