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AAP
AAP
Business
Marion Rae

Lithium stalwart barely breaks even as rout continues

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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