Reported about 17 hours ago
The Trump administration is negotiating for a potential 10% equity stake in Lithium Americas while revisiting the terms of a $2.26 billion Energy Department loan for the Thacker Pass lithium project. This intervention reflects Trump's strategy to boost key industries deemed essential for national security. The project is set to become a major source of lithium for electric vehicle batteries and aims to reduce U.S. reliance on Chinese lithium production. Investors responded positively, with Lithium Americas shares experiencing an 80% surge following the news.
Source: YAHOO