Recently, people familiar with the matter revealed that the U.S. government will announce plans to provide more than $2 billion in loans to Lithium Americas (Lithium Americas), which may make a conditional loan commitment on the 14th local time. The company is in the U.S. state of Nevada to develop the country's large lithium deposits.

People familiar with the matter said that the U.S. Department of Energy to lithium Americas subsidiary - Nevada Lithium Corporation to provide funds will help support the latter's construction of lithium carbonate processing plant.

The funding will be a large-scale loan from the U.S. Department of Energy 's Office of Loan Programs to a mining company, and the department is stepping up its efforts to help establish a U.S. domestic supply of key minerals, it was said. General Motors has invested $650 million in Lithium Americas and is expected to be a major long-term buyer of the project.

Article source: Interface News