Huayou Cobalt Secures Authorized Invention Patent for Cobalt Tetroxide Material, Cathode, and Lithium Battery Technology

On June 10, IGO Limited announced that a fire occurred on June 9 at Chemical Grade Plant 3 (CGP3) at the Greenbushes lithium operation. The fire has been extinguished and no injuries were reported. Talison Lithium has commenced a full investigation into the cause of the incident and the extent of the damage. The company will also assess the potential impact and required repairs. According to IGO, operations at Chemical Grade Plant 1 (CGP1) and Chemical Grade Plant 2 (CGP2) remain unaffected. Greenbushes production is still on track to meet IGO’s FY2026 spodumene concentrate guidance of 1.375–1.425 million tonnes. Greenbushes is one of the world’s most important low-cost sources of spodumene concentrate, while CGP3 is an important part of the mine’s incremental chemical-grade concentrate capacity. As CGP1 and CGP2 remain unaffected and IGO has not revised its FY2026 production guidance, the short-term impact on actual global spodumene supply is expected to be limited. However, the extent of the damage, the repair timeline and the recovery schedule for CGP3 should be monitored closely. If the incident materially delays the ramp-up of CGP3, it could affect the pace of Greenbushes’ future supply growth and marginal