5E Advanced Materials Inc (FEAM)

[TradingCharts]

Meet the ASX’s first new boron producer this century

Will boron have its own ‘lithium moment’?
There are other ASX stocks out there with exposure to boron, like Ioneer (ASX:INR) with its Rhyolite Ridge lithium-boron project in Nevada.

But while the company received a loan of up to US$700m from the United States Department of Energy (DOE) in January 2022 for financing the construction of Rhyolite Ridge, 5EA is tipped to become the first new producer of boron this century, and the next US based lithium producer.

With the plant undergoing commissioning, the company says production is set to start in another six to eight weeks with a target of 500,000tpa of boric acid equivalent and several thousand tonnes of lithium carbonate at full production.

Will boron have its lithium moment?

“The existing boron market supply is opaque and with very few projects and operations that exist, the market is largely focused on well-known materials such as lithium, rare earths, copper, and nickel – everything attached to battery and EV demand,” 5EA says.

“Lithium was relatively unknown 10 years ago prior to the battery and clean energy storage market demand and we see a similar trajectory for boron.”

Guess time will tell.

https://stockhead.com.au/resources/meet-the-asxs-first-new-boron-producer-this-century/