After having taken stakes in Intel (INTC) and MP Materials (MP) to promote industries it sees as critical to national security, the Trump administration is seeking an equity stake of as much as 10% in Lithium Americas (LAC) as it renegotiates terms of the company’s $2.26B Energy Department loan for its Thacker Pass lithium project with General Motors (GM), people familiar with the discussions told Reuters. GM, which invested $625M, holds a 38% stake in the Nevada project, the report noted.
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