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Business

Marion Rae

EXPLAINED: Lithium stalwart barely breaks even as rout continues | Rare Historical Photos

IGO lithium nickel COSMOS

IGO's nickel business generated "strong free cash flow despite the commodity price headwinds". (Marion Rae/AAP PHOTOS)

Critical minerals producer IGO has barely broken even as the ongoing lithium and nickel slump bursts the battery minerals bubble.

Net profit after tax was $2.8 million for the 12 months to June 30, which was 99 per cent down from $549 million a year earlier, IGO reported on Thursday.

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