The lithium market has regained interest after the Trump administration confirmed it is weighing a stake in Lithium Americas (NYSE: LAC). While gold advances toward its second-best year on record, lithium, “the white gold,” has been mostly out of the spotlight.

Still, Lithium Americas has nearly doubled, opening at $3.24 per share on Monday, climbing as high as $7.72 intraday on Thursday, and ending last week at $6.32. Reports suggest Washington could seek up to a 10% equity stake in exchange for adjusting conditions tied to a $2.3 billion Department of Energy loan for the Thacker Pass project.

Nevada’s Thacker Pass is the top national resource. General Motors (NYSE: GM) holds a 38% stake in the project, expected to yield 40,000 tons of lithium carbonate annually in its first phase. That output would be enough for about 800,000 car batteries.

Also Read: Trump’s Mineral Gambit After Lithium Americas—These Names Could Be Next

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