U.S. DOE Announces $996 Million Loan Guarantee to Ioneer Rhyolite Ridge to Advance Domestic Production of Lithium Carbonate, Boost U.S. Battery Supply Chain

URLhttps://cleantechnica.com/2025/01/17/u-s-doe-annou
SourceClean Technica
Date Published01/17/2025

Additional Reshoring Information:

Company/Division name Ioneer Rhyolite Ridge LLC
Parent companyIoneer Rhyolite Ridge LLC
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2025
Capital investment ($):996
Country(ies) from which reshored:Australia
City reshored to:Esmeralda County
State(s) reshored to:NV
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium carbonate for (EV) battery
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Proximity to customers/market, Raw Materials Cost, Skilled workforce availability/training, loan
Government Incentive dollar amount:996,000,000
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