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IGO sitting pretty as gold slips and lithium rises

A sharp increase in US interest rates and a lower gold price has thrown a different light on one of the mining world’s more interesting recent deals, a plan by IGO to trim its exposure to gold and dive into lithium and other battery metals.

IGO sitting pretty as gold slips and lithium rises IGO sitting pretty as gold slips and lithium rises IGO sitting pretty as gold slips and lithium rises IGO sitting pretty as gold slips and lithium rises IGO sitting pretty as gold slips and lithium rises

Independence is confident in the rising demand for battery metals, used in electric vehicles

Criticised by gold-focused investors when it revealed late last year a proposal to sell a 30% stake in the AngloGold operated Tropicana gold mine in Western Australia and buy a minority interest in