A senior adviser in the Loan Programmes Office warned that the project could fail to draw customers amid competition from cheaper Chinese lithium. — Bloomberg
NEW YORK: The Trump administration is re-evaluating a US$2.3bil loan approved by President Joe Biden for the development of a Nevada lithium deposit, according to sources.
The record-high loan to Lithium Americas Corp, finalised in 2024, would have provided most of the capital for the construction of a processing plant adjacent to the company’s Thacker Pass mine, on one of the country’s largest lithium deposits.
