IGO Ltd. Reports Q2 Sales Drop, Cites Weaker Nickel Prices and Lower Output

IGO Limited (ASX: IGO) reported a quarter-over-quarter decline in Q2 sales revenue as of January 29, 2026, driven by softer nickel prices and reduced production volumes at its Western Australia operations. Revenue fell 12% sequentially to $487 million, with nickel sales down 18% due to planned maintenance at the Nova and Forrestania sites. CEO Peter Bradford noted “market headwinds and operational downtime” pressured near-term results but affirmed full-year guidance remains unchanged. The company holds a 49% stake in the Greenbushes lithium mine and is advancing its integrated battery materials strategy. Shares traded down 3.2% in Sydney following the release.