Australia's Ioneer surges as US court backs lithium mine

ReutersMar 30, 2026 11:32 PM

Shares of Ioneer INR.AX rise as much as 32% to A$0.165, logging their best day since Oct. 7

Stock hits its highest level since Feb. 26

Lithium-boron producer says the U.S. District Court upheld permit for Rhyolite Ridge lithium and boron mine project in Nevada

Mine is slated to become one of North America's largest sources of lithium, a metal important for batteries, and a key supplier to automaker Ford

Stock down 27% this year, including the day's move

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