Washington | Australian lithium miner Ioneer has received a $US996 million ($1.6 billion) loan from the US Department of Energy in what is a record for an Australian company, reflecting the urgency felt by the US to compete with China on critical minerals.
The 20-year loan will be used to develop an on-site processing facility at the company’s Rhyolite Ridge lithium-boron project in Esmeralda County, Nevada.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
