LeadStory

Reuters

Lithium Americas shares skyrocket as Washington considers stake

Reuters · Just In
Reuters
Reuters
Just In

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
Mining & ResourcesPoliticsBusiness