Business
Why the IGO (ASX:IGO) share price has soared in December
The IGO Ltd (ASX: IGO) share price has been on a tear this month following the mining company’s $766 million capital raise to acquire a stake in Tianqi Lithium Energy Australia Pty Ltd.
Shares in IGO have rallied 31.2% since the beginning of December on the news, compared to a 0.09% increase in the S&P/ASX 200 Index (ASX: XJO)
The nickel miner has optimism swirling around it with its plans to create a ‘unique clean energy metals company’.
Give me the details
On 9 December IGO announced to the market its intentions to acquire a 49% stake in Tianqi Lithium Energy Australia Pty Ltd. The deal would provide IGO with a 24.99% indirect interest in the Greenbushes Lithium Mining and Process Operation and a 49% indirect interest in…
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