Biden giving loans,are we next? March 14 (Reuters) - The U.S. Department of Energy plans to lend Lithium Americas
(LAC.TO), opens new tab up to $2.26 billion to build Nevada's Thacker Pass lithium project, one of Washington's largest investments to date in the mining industry as part of a push to boost domestic production of critical minerals for the energy transition.
The loan, announced by the company on Thursday, is a key part of U.S. President Joe Biden's efforts to reduce dependence on lithium supplies from China, the world's largest processor of the key battery metal. The mine is slated to open later this decade and be a key supplier to General Motors
(GM.N), opens new tab.