The Zhitong Finance App learned that on Friday, lithium stocks generally rose, with Lithium Argentina (LAR.US) surging more than 11%, Sigma Lithium (SGML.US) rising nearly 9%, US ALB.US (ALB.US) rising 6%, Lithium Americas (LAC.US) rising more than 5%, and Standard Lithium (SLI.US) and Chile Mining Chemical (SQM.US) rising more than 4%. According to the news, on August 20, local time, the US Department of Energy (DOE) announced that it will grant a total of 500 million US dollars in grants to seven key local minerals and battery industry chain projects, covering the four major directions of lithium extraction, cobalt refining, battery recycling, and advanced battery materials, with the aim of building a local battery supply chain and reducing dependence on foreign minerals.

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