The Trump administration is looking to take equity ownership of a large publicly traded company after re-evaluating a $2.3 billion loan for the development of a Nevada lithium deposit. The Energy Department is reviewing the financing due to concerns about competition from cheaper Chinese lithium. Reuters reports the administration is seeking a 10% equity stake in exchange for the loan.

President Trump supports the project but wants it to be fair to taxpayers. The US government will soon become the top shareholder in the company, surpassing the Swiss National Bank. This move follows recent deals with Intel and US Antimony, highlighting the success of the industrial-government complex.

Read more at Yahoo Finance: U.S. Government Eyes 10% Share in Lithium Giant