Why Mongolia?
ION Energy’s leadership team has strong in-country experience, having successfully operated in Mongolia for over a decade. The team has confidence in Mongolia as a successful mining and investment-friendly jurisdiction, and as one of the fastest-growing economies in the world. Specifically, Mongolia is attractive to resource entities and investors for the following reasons:
Mongolia’s mining industry contributes towards 20% of the nation’s GDP & 80-90% of its export
- Neighbour to two giant markets: China & Russia
- Low transportation costs to Chinese battery markets No historical exploration in battery metals
Government prioritizes an investment-friendly environment
- Mongolia’s People Party (MPP) won another resounding victory in 2020, with a majority four-year mandate
- Low corporate income tax and government royalty obligations
- Government anti-investment regulations revoked in 2014
- Proactive and effective nationwide approach to COVID-19, creating opportunities for businesses with an in-country presence
Untapped and unlimited potential for lithium
- No historical exploration in and new, under-explored frontiers for battery minerals
- Geologically well-endowed and high-quality exploration land assets
Mongolia in the news
Mongolia Quickly Becoming the Place To Be for Those Chasing Mineral Riches
Mongolia: A Fast-growing Economy with Unique Mining Opportunities
New Trade Policies Unlock Foreign Investment in Mongolia
With New PM, a New Generation Taking Charge in Mongolia – The Diplomat
World Health Organization recognizes Mongolia’s leadership in facing global pandemic
Greening the China-Mongolia-Russia economic corridor: A visual synthesis
Building Resilience: Q&A with Bank of Mongolia’s First Deputy Governor Erdembileg Ochirkhuu
Is Mongolia the next emerging market for your international business strategy? – Trade Ready
“The Mongolian economy is largely commodity-based and is considered by the World Bank to be stable and growing. The country’s GDP reached US$13.01 billion in 2018 with a growth rate of approximately six percent. Mongolia enjoys social and political stability and offers a low cost of doing business for international miners.”
Investing News Network
Why ION Energy’s Mongolian site is a Geographic Advantage
OF THAT OF EUROPE OR THE UNITED STATES
Light EV Sales, by region, thousand units (% share of EV market)
- China is the world leader in manufacturing lithium batteries, and continues to outpace the globe in demand for EVs
- Korea, Taiwan and Japan’s large tech industries will continue to fuel demand for lithium batteries.
- China dominates megafactories: 89 of 123 of the world’s megafactories in the pipeline are in China, with one megafactory being built per week” (Benchmark Mineral Intelligence – 2020)