U.S. Government Eyes the Largest Lithium Mine in the Western Hemisphere, Aiming for a 10% Stake
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Author:小编   

Despite the Trump administration's characterization of the energy transition as a "green new scam," it is actively seeking to acquire a substantial share in the largest lithium mine endeavor in the Western Hemisphere. As part of the terms for renegotiating the repayment conditions of a $2.26 billion loan extended by the U.S. Department of Energy, the Trump administration insisted that Lithium Americas, the lithium company in question, cede up to a 10% equity interest. Once the first phase of Lithium Americas' Thacker Pass lithium mine project in Nevada becomes operational, it is projected to yield sufficient lithium to underpin the yearly manufacturing of 800,000 electric vehicles. In the previous year, General Motors secured a 38% stake in the company and secured preferential purchasing rights. The Trump administration has not only demanded that GM honor its procurement commitments but has also, at the same time, thrown up roadblocks hindering automakers' shift towards electric vehicles.