The U.S. government is acquiring a 5% equity stake in Lithium Americas, the company developing the large-scale Thacker Pass lithium mine in northern Nevada.

This investment also includes a 5% stake specifically in the Thacker Pass lithium mining project, a joint venture between Lithium Americas and General Motors (GM).

The big picture: Thacker Pass is regarded as a key project to reduce American dependence on China, the world’s largest processor of lithium, which is vital for high-tech batteries used in electric vehicles (EVs), cell phones, and renewable energy systems. • Both Republican and Democratic leaders support increasing domestic lithium production to narrow the supply gap with foreign competitors. • U.S. Energy Secretary Chris Wright stated the deal will strengthen domestic

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