The Trump administration is proposing a Western critical minerals trading bloc with price supports to challenge China’s market dominance. G7 allies and mining industry leaders express skepticism regarding the plan’s potential costs and governance structures.
General Motors is partnering with Lithium Americas to develop the Thacker Pass mine. This site currently stands as the largest lithium project in North America.
Industry proposals vary, with some stakeholders advocating for tax credits instead of direct price-fixing. The Department of Energy maintains a 5% stake in both Lithium Americas and the Thacker Pass project.