BUSINESS

US Takes Stake in Lithium Mine Development

The U.S. government is finalizing a deal to acquire a small equity stake in Lithium Americas, a company developing a major lithium mine in Nevada. This move, part of a restructured federal loan, aims to secure domestic supply of lithium for electric vehicle batteries. The Biden administration's loan modification supports the Thacker Pass project, crucial for the EV supply chain and a rare bipartisan point of agreement.

Reviewed by JQJO team

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