Australia's ioneer climbs on lithium offtake supply deal from U.S. mine

ECOPRO

30/06/2021 04:19

** Shares of lithium-boron supplier ioneer  INR.AX  rise as
muhc as 8.8% to A$0.370, hitting their highest since June 3 
    ** Co says it signed a lithium offtake supply agreement with
a unit of South Korean Battery maker Ecopro Co Ltd  86520.KQ ,
EcoPro Innovation  urn:newsml:reuters.com:*:nASX904T18
    ** Under deal, co will supply 7,000 tonnes of lithium
carbonate per annum to Ecopro Innovation for three years from
its fully owned Rhyolite Ridge Lithium-Boron project in Nevada
    ** Agreement marks co's first lithium offtake agreement and
represents up to 34% of its annual lithium carbonate output for
the first three years of production
    ** Stock on track for a second consecutive session of gains 
    ** Stock up 21.4% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))