ioneer Ltd American Depositary Shares (IONR)

SQM, the world's second-largest lithium producer, reported a steep drop in Q4 2024 profit due to declining lithium prices. The company plans to reduce capital expenditures in 2025 as it expects lower average realized lithium prices compared to 2024.

Lithium spot prices were generally flat the past month. Click here for the lithium junior miners news for April 2024.

Ioneer stock jumped following news of a $700 million loan approval from the U.S. Department of Energy to build its Nevada lithium mining project.