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Benzinga
Benzinga
Business
Henry Khederian

Lithium Americas (LAC) Stock Surges As Trump Administration Targets Equity Stake: What's Going On?

Donald Trump Lithium Americas LAC lithium
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Lithium Americas Corp (NYSE:LAC) shares are trading sharply higher Wednesday morning following reports that the Trump administration is seeking a stake in the company. Here’s what investors need to know.

What To Know: The Trump administration is pursuing a stake of up to 10% in Lithium Americas. The move is part of a national security strategy to bolster the U.S. domestic lithium supply chain and reduce dependence on China, according to Reuters.

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