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Analyst: The US government plans to compete for lithium resource sovereignty. This is a wise action.
Jin10 data reported on September 29 that the news of the U.S. government possibly investing in Lithium Americas clearly indicates that lithium, a critical material, is essential for future development. Dan Ives, a senior analyst at Wedbush Securities, stated that this move will be a “warning,” signifying that “the U.S. government is staking its claim to sovereignty on the front lines of lithium resource supply.” Ives mentioned that in this energy struggle, “we believe this will be a positive and prudent move.”