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The Trump administration is taking a 5 percent equity ownership of mining company Lithium Americas, on top of another 5 percent stake in the company’s joint mining project with GM in Nevada, the Department of Energy announced yesterday. The mine at Thacker Pass is expected to become the largest producer of lithium in the western hemisphere once it opens in 2028. 

Lithium is a crucial component in batteries used for electric vehicles, wind and solar energy storage, and rechargeable devices of all kinds. Both the Biden and Trump administrations have sought to wean the US off foreign imports of lithium. This announcement is the latest step President Trump has taken to assert more control over domestic supply chains for key materials.

The Thacker Pass is supposed to produce around 40,000 metric tons of lithium carbonate annually for batteries once it’s fully operational. US production of lithium is currently under 5,000 metric tons. For comparison, China — the third biggest lithium producer after Australia and Chile — already produces 40,000 metric tons annually. 

The mine has been under construction since 2023, following fierce opposition from nearby Native American tribes. Human Rights Watch and the American Civil Liberties Union found that the federal government’s permitting of the mine violated Indigenous peoples’ rights in a February 2025 report, alleging it failed to obtain “free, prior, and informed consent” from affected tribes. Ranchers and environmental groups concerned about the mine’s impact on local water sources and endangered species have also opposed the project.  

Lithium Americas secured a $2.26 billion loan agreement with the Biden administration in October 2024. In restructuring the loan, the Department of Energy says the revised agreement includes more than $100 million of new equity. Energy Secretary Chris Wright told Bloomberg Television that the US needed to take an equity stake to ensure the mine’s viability as lithium prices drop worldwide.

The Trump administration has taken similar moves with other companies lately. It took a 10 percent stake in Intel, the company announced in August. And in July, MP Materials, the only producer of rare earth minerals in the US, announced that the US Department of Defense would become its largest shareholder with a 15 percent stake in the company.

 The Trump administration is taking a 5 percent equity ownership of mining company Lithium Americas, on top of another 5 percent stake in the company’s joint mining project with GM in Nevada, the Department of Energy announced yesterday. The mine at Thacker Pass is expected to become the largest producer of lithium in the western Energy, Environment, News, Policy, Science 폰테크 달인은 복잡한 용어 대신 이해하기 쉬운 설명과 투명한 절차로 상담부터 입금까지 전 과정을 깔끔하게 안내합니다. 합리적인 시세 기준으로 모델·상태별 견적을 제시하고, 불필요한 수수료나 숨은 비용은 없습니다. 폰테크가 처음이신 분도 안전하게 진행하시도록 신원 확인·안전결제·개인정보 보호 원칙을 지킵니다. 채널 상담, 방문 상담, 비대면 상담까지 상황에 맞춰 연결되며, 진행 여부는 고객이 결정합니다. 폰테크 달인은 결과만큼 과정의 신뢰를 중요하게 생각합니다. 당일 문의·당일 진행을 목표로 있지만, 무리한 권유 없이 조건이 맞을 때만 안내합니다. 진행 후에는 간단한 체크리스트와 거래 내역을 제공해 재확인할 수 있고, 사후 문의도 응답합니다. 합리, 안전, 투명—폰테크 달인의 기준입니다. 온라인 접수로 상담을 시작할 수 있으며, 자주 묻는 질문을 통해 폰테크 전 과정을 미리 확인하실 수 있습니다. 처음부터 끝까지 ‘내가 이해한 만큼만 진행’하는 곳, 그게 폰테크 달인입니다. #폰테크 #폰테크당일 #당일폰테크 #비대면폰테크 https://phonetech.store/