An electric vehicle battery venture owned by Toyota Motor and Panasonic Holdings has struck a deal to access lithium from a U.S. mine held by Australian company ioneer, the commodities supplier said Monday. Ioneer plans to start production of lithium from the Rhyolite Ridge project in Nevada in 2025. Under the agreement, the Toyota-Panasonic venture Prime Planet Energy & Solutions will receive 4,000 tonnes of lithium carbonate annually over five years.
