Ioneer Jumps as US Lithium Project Clears Environmental Hurdle [Yahoo! Finance]
ioneer Ltd (IONR)
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Source: Yahoo! Finance
Most Read from Bloomberg The Bureau of Land Management's final analysis brings Ioneer closer to building the Rhyolite Ridge lithium-boron mine project near Tonopah, Nevada, the Australian company said in a Thursday statement. If approved, the mine could produce enough lithium to supply nearly 370,000 electric vehicles a year, the US bureau said in a separate statement. The firm's American depositary receipts jumped nearly 15% to $5 Thursday in New York, its highest intraday price since June. The release of the final environmental impact statement sets the stage for a potential approval of the project later this year. The mine could bring in domestic production of the key battery material as the US and allies seek to build their own EV battery supply chain and reduce dependence on China in global supplies of commodities crucial to the industry. --With assistance from Yvonne Yue Li and Jennifer A. Dlouhy. Most Read from Bloomberg Businessweek ©2024 Bloomberg L.P. Recommen
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News
- Nevada lithium mine wins final approval despite potential harm to endangered wildflower [Yahoo! Finance Canada]Yahoo! Finance Canada
- US approves lithium project in push to break China’s grip on EV minerals [Financial Times (FT.com) (UK)]Financial Times
- Ioneer’s Rhyolite Ridge Lithium-Boron Project Receives Final Permit Approval from U.S. Federal Government; Construction Planned for 2025Business Wire
- Nevada Lithium Achieves 97% Lithium and 98% Boron Recovery on High-Grade Mineralization. Engages Fluor Enterprises, Inc. to Design Flowsheet and Process Plant for Updated PEA [Financial Post (Toronto, Ontario, Canada)]Financial Post
- US agency review says Nevada lithium mine can co-exist with endangered flower [Yahoo! Finance Canada]Yahoo! Finance Canada