By Elric Langton | 1 August 2022
ioneer Ltd (ASX: INR, NASDAQ: IONR), an emerging lithiumโboron supplier, has signed a binding offtake supply agreement with Prime Planet Energy & Solutions (PPES), a leading developer and manufacturer of prismatic lithium-ion batteries, primarily for automotive applications. A joint venture between Toyota Motor Corporation (Toyota) and Panasonic Corporation (Panasonic), in which ioneer will supply PPES with lithium carbonate from its Rhyolite Ridge Lithium-Boron Project (Rhyolite Ridge) in Nevada.
You may have noticed I have been quite bullish for lithium exposed Companies in 2022. This fact goes against my view there is not a climate crisis, but the creation of one has created hysteria we should all seek to take advantage of. However, I have suggested caution because of the timeline and costs involved with developing a lithium mine to the point of production. Not only this but technologies evolve, which could hamper progress.