Ion–Ion plasmas are electronegative plasmas where the electron density is several orders of magnitude lower than the negative ion density. These plasmas have been scarcely observed and investigated since the 1960s and are formed as a transient state of pulsed plasmas or in separate regions in magnetized plasmas. In this review we focus on the latter case of continuous formation of ion–ion plasmas created at the periphery of magnetized plasma columns or downstream localized magnetic barriers. We bring together and review experimental results already published elsewhere and complement them with new results to illustrate the physics important in ion–ion plasma formation and highlight in particular unanswered questions. We show that with a good design the density in the ion–ion region is dropping only by a factor of 2–3 from the initial plasma density. These plasmas can therefore be well suited for various ion source applications when both fluxes or beams of positive and negative ions are desired, and when electrons can cause harmful effects.