Global Largest Lithium Mine Changes Pricing Model
IGO announced this morning that the company, together with Tianqi and Albemarle, has changed the long-term off-take pricing model for the world's largest lithium mine, Greenbushes. The settlement will now be based on the average lithium salt price of the previous month of shipment (M-1). Previously, the settlement method was based on the average lithium salt price of the previous quarter. The announcement also stated that due to lower than expected deliveries by Tianqi and Albemarle in the first half of this year, the mine's production will be slightly reduced during this period.

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