This Stock Nearly Doubled From Washington’s Latest Big Move – What’s Next?

First, the Trump administration invested in MP Materials (MP). Then, it took a stake in Intel Corporation (INTC).

Now, the Trump administration is making another splash. This time? Lithium Americas (LAC).

Last Tuesday, reports emerged that the Trump administration is negotiating for up to a 10% equity stake in the company. The stock soared “bigly” on Wednesday as a result – up more than 90%.

So today, I will explain the deal between the government and Lithium Americas. I’ll also share how this investment will help the U.S. gain access to more lithium, what this means for America’s electric vehicle (EV) supply chain and how investors can profit from government-backed investments like this.

This post originally appeared at InvestorPlace.