Australia's Ioneer hits over one-year high after U.S. approves Nevada lithium mine

Ioneer

25/10/2024 24:29

** Shares of Ioneer Ltd  INR.AX  rise as much as 8.9% to
A$0.305; their highest level since Aug. 2, 2023 
    ** The lithium-boron producer's Rhyolite Ridge lithium mine
in Nevada receives final approval from U.S. Interior Department
    ** Permit comes amid a flurry of recent moves by President
Joe Biden's officials to support critical minerals production
and offset China's market dominance
    ** Stock up 93.3% YTD as at 2319 GMT 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))