IGO completed a $1.4bn investment in Tianqi Lithium Energy.

IGO, an exploration company, completed a $1.4bn investment $1.4bn in Tianqi Lithium Energy, giving it 25% stake in Greenbushes, a lithium mine, and a 49% stake in Kwinana, a lithium processing plant. “This is a genuinely transformational transaction for IGO and one that delivers on our strategy to become a global leader in the supply of metals critical for enabling a clean energy future. We see Tianqi, a leader in the global lithium industry and with strong alignment to our strategy, as the ideal partner for IGO. Both Greenbushes and Kwinana are world-class assets with attractive growth profiles that together provide the platform for building a global lithium business. We look forward to working with Tianqi to build a leading global lithium business that will play an important role in supporting the global transition to clean energy technologies, while generating substantial value for IGO shareholders for many years to come," Peter Bradford, IGO Managing Director and CEO.