Shares of Lithium Americas jumped more than 100% after Reuters reported that the Trump administration is seeking up to a 10% stake in the miner, in the latest sign of Washington's intervention into industries it considers critical to national security.
Breakdown
- Lithium Americas shares more than doubled after reports of potential US government investment.
- The US is considering up to a 10% stake as part of a $2.3 billion loan negotiation for the Thacker Pass project. 5s
- Thacker Pass is the largest planned lithium mine in the Western Hemisphere. 28s
- General Motors holds a 38% stake in Thacker Pass and is involved in discussions. 44s
- The news boosted shares of other lithium mining companies, including Albemarle and Sigma Lithium. 1m 15s