IGO is a sustainably focused miner who currently enjoys a diversified commodity suite to produce key metal products for battery storage and electric vehicle industries i.e. lithium, nickel, copper and cobalt. However at this stage the company is primarily a nickel miner whose shares have rallied strongly, caught up on the ESG wave of optimism, even while the metal which generates most of its revenue has struggled.
- We like IGO, especially into further weakness under $14 but again for now we are happy to have reduced our exposure from 5% to 3%.
MM remains bullish and long IGO, albeit with a smaller position
Add To Hit List
