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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":564,"content":565},"doc",[566,573,578,583,588,593,602,607,612,619,624,629,634,639],{"type":567,"attrs":568,"content":569},"paragraph",{"textAlign":49},[570],{"text":571,"type":572},"The US Department of Energy has signalled its support of domestic lithium mining with a $700 million loan for processing facilities at Ioneer’s undeveloped Rhyolite Ridge mine in Nevada. ","text",{"type":567,"attrs":574,"content":575},{"textAlign":49},[576],{"text":577,"type":572},"The DOE said the loan, its largest so far to the lithium sector, would finance on-site processing of 20,000 tonnes a year of lithium carbonate at the mine site, enough for around 370,000 electric vehicles. ",{"type":567,"attrs":579,"content":580},{"textAlign":49},[581],{"text":582,"type":572},"The loan marks a significant effort by the US government to stimulate its domestic lithium industry to reduce the country’s reliance on processed lithium from China. Last year the DOE awarded an almost $150 million loan to Albemarle to build a concentrator in North Carolina, and $142 million to Piedmont Lithium for a refinery in Tennessee. ",{"type":567,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":572},"The DOE has focused on funding processing facilities rather than actual mines.",{"type":567,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":572},"“Rhyolite Ridge is a major step towards bolstering domestic lithium production for clean energy technologies, and LPO (Loan Programs Office) is excited to further develop an environmentally responsible U.S. supply chain for critical materials,” Jigar Shah, director of the Loans Programs Office, said. ",{"type":567,"attrs":594,"content":595},{"textAlign":49},[596],{"type":597,"attrs":598},"image",{"id":49,"alt":599,"src":600,"title":49,"source":49,"copyright":49,"meta_data":601},"","https://a.storyblok.com/f/287943243085208/a77962f4ae/bm-image-21.png",{},{"type":567,"attrs":603,"content":604},{"textAlign":49},[605],{"text":606,"type":572},"The US hosts around 24% of global lithium resources but is forecast to represent just 3% of global supply requirements in 2030 due to its numerous large clay deposits which are yet to be economically demonstrated at scale. ",{"type":567,"attrs":608,"content":609},{"textAlign":49},[610],{"text":611,"type":572},"Still, if all these projects were to progress as planned the US could represent up to 12% of global lithium supply in 2030.",{"type":613,"attrs":614,"content":616},"heading",{"level":615,"textAlign":49},4,[617],{"text":618,"type":572},"Moving into construction",{"type":567,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":572},"Ioneer said the loan, along with the commitment by South African miner Sibanye-Stillwater to contribute $450 million to the project, would cover “a substantial part of the preliminary capital expenditure estimate” for the project.",{"type":567,"attrs":625,"content":626},{"textAlign":49},[627],{"text":628,"type":572},"The company is set to make a final investment decision on the project in the second half of this year.",{"type":567,"attrs":630,"content":631},{"textAlign":49},[632],{"text":633,"type":572},"The DOE loan is contingent on the company meeting certain environmental and technical conditions and allows for the LPO to monitor the site.",{"type":567,"attrs":635,"content":636},{"textAlign":49},[637],{"text":638,"type":572},"James Calaway, chairman of Ioneer, said that the lithium will be processed into high-purity lithium carbonate at site, then final processing into battery-grade lithium will likely be done by the cathode producer. ",{"type":567,"attrs":640,"content":641},{"textAlign":49},[642],{"text":643,"type":572},"Ioneer has signed binding offtake agreements with Ford, Prime Planet Energy & Solutions (a joint venture between Toyota and Panasonic), and South Korea’s EcoPro. ","The US Department of Energy has signalled its support of domestic lithium mining with a $700 million loan for processing facilities at Ioneer’s undeveloped Rhyolite Ridge mine in Nevada. The DOE said the loan, its largest so far to the lithium sector, would finance on-site processing of 20,000 tonnes a year of lithium carbonate at […]",[646],{"slug":555,"name":556,"content":647},{"job_title":558,"image":648,"bio":561,"linkedin":562},{"filename":560},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"0efe1488-dcb8-44be-b870-9814f8554e5e\", \"id\": \"\"}-->","article",[652,655,658],{"slug":653,"name":654},"critical-minerals","Critical Minerals",{"slug":656,"name":657},"geopolitics","Geopolitics",{"slug":659,"name":8},"lithium","private",{"id":49,"alt":599,"name":599,"focus":599,"title":599,"source":599,"filename":662,"copyright":599,"fieldtype":663,"meta_data":664,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/7dfba61968/bm-av20220096-003-detail-1.png","asset",{"alt":599,"title":599,"source":599,"copyright":599},"Jan 13, 2023","13th January 2023",[],[],1780500973412]