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Stock impact report

Wary of Trump, US minerals projects rush to close government loans [Yahoo! Finance Canada]

Li-Cycle Holdings Corp. (LICY) 
By Ernest Scheyder (Reuters) - U.S. miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would, if reelected, block funding needed to boost American output of critical minerals for the energy transition. Tumbling prices this year for lithium, nickel and other minerals, as well as lower-than-expected EV sales, have spooked private financiers and put the traditionally conservative mining industry in the unusual position of needing Washington's support to grow and counter what the West sees as China's market manipulations. Under President Joe Biden, the U.S. Department of Energy's Loan Programs Office (LPO) has awarded nearly $25 billion in conditional loans to 21 companies, including Li-Cycle, ioneer, Lithium Americas, Redwood Materials and others planning to build facilities that recycle batteries or process lithium and other minerals for use in electric vehicles. Such condit Show less Read more
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