Toyota-Panasonic battery JV to buy lithium from ioneer's Nevada mine

Date Published07/31/2022
Author NameErnest Scheyder
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ioneer LTD
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:Both
Country(ies) from which reshored:Australia
City reshored to:Esmerelda County
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredlithium for EV batteries
What domestic positive factors made reshoring more attractive?Raw Materials Cost, Biden Admin., deal w/ JV, proposed EV tax credit
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