Standard Lithium Shares Drop 25%

Shares of Standard Lithium (NYSEMKT: SLI) fell by 27.9% on Friday morning, despite previously benefiting from government initiatives to enhance domestic production of critical materials, particularly lithium. This decline follows a recent announcement from the Department of Energy regarding its 5% equity stake in Standard Lithium’s competitor, Lithium Americas, which had initially boosted stock prices across the sector.

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