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Stock impact report

Why Is Standard Lithium Stock Soaring Today? [Yahoo! Finance]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: Yahoo! Finance
Shoring up domestic lithium supply is a top priority for this White House, making Standard Lithium a possible target for government investment. 10 stocks we like better than Standard Lithium › Shares of Standard Lithium (NYSEMKT: SLI) are soaring on Wednesday, up 8.3% as of 12:47 p.m. ET. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) rose by 0.5% and 0.8%, respectively. This week, the Trump administration took equity stakes in both Trilogy Metals and Lithium Americas in an effort to beef up the U.S. supply of critical minerals . Standard Lithium's stock is rising on hopes a similar deal will be made in the near future. Trump looks to secure the lithium supply The White House announced the investments on Monday that give the U.S. government a 10% stake in Trilogy and a 5% stake in Lithium Americas. The strategy of direct investments in return for equity in public companies is not unprecedented, but the frequency and scale of invest Show less Read more
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