U.S. to provide more than $2 billion in loans to Lithium Americans project in Nevada

The Biden administration will announce plans to provide more than $2 billion in loans to U.S. lithium producer Lithium Americas Corp. The company is developing the largest lithium deposit in the United States in Nevada. A conditional loan commitment could come as early as Thursday, people familiar with the matter said. And the U.S. Department of Energy will provide the loan to the company's subsidiary Lithium Nevada Corp. to build a lithium carbonate processing plant.