IGO Ltd

IGO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.10	Yxcvvnm	Nnqpmjgn

IGO: Reducing Fair Value on Lower Lithium Price Outlook

Esther Holloway

Aug 2, 2024

We lower our fair value estimate for narrow-moat IGO by 6% to AUD 7.50 per share based on a revised outlook for lithium. We reduced our lithium price forecast over the next 10 years by an average of 5%, to around USD 20,000 per metric ton, which aligns with our view of the marginal cost of production.

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