U.S. stock market anomaly | Lithium (LAC.US) plunges over 14%, speculation that the U.S. government's investment plan may have changed.
According to the Securities Times App, on Friday, Lithium (LAC.US) fell more than 14%, after a 140% surge in the previous two trading days, showing technical correction pressure. According to market reports, the U.S. Department of Energy is considering re-adjusting the $2.3 billion loan to Lithium Americas. Analysts in the Financial Markets of the Canadian National Bank stated that the most likely scenario is to issue 5% to 10% of warrants to the United States, involving the company or its sole project in Nevada. On September 24th, media reported that the Trump administration sought to obtain up to 10% stake in Lithium Americas as part of renegotiating the $22.6 billion loan from the U.S. Department of Energy.
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