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AAP
AAP
Business
Marion Rae

IGO profit halves amid nickel slump, shine off lithium

IGO nickel lithium Australia Western Australia
Mining company IGO's half year profits fell by 53 per cent due to a decline in nickel prices. (Marion Rae/AAP PHOTOS)

Mining company IGO's net profit has halved after the nickel and lithium producer further slashed the value of its nickel assets.

The operator of Australia's oldest lithium mine Greenbushes on Thursday announced a 53 per cent fall in net profit to $288.3 million for the six months to December 31.

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