Enovix (ENVX) Jumps 11.4% on US Govt Lithium Industry Backing

Group 1 - Enovix Corp. shares increased by 11.43% to close at $11.11, driven by positive investor sentiment following US government support for the local lithium industry [1][3] - The US government's acquisition of a 10% stake in Lithium Americas is part of a strategy to enhance domestic lithium supply and reduce reliance on imports [2][4] - Expectations are rising for new government policies to support the lithium industry, similar to initiatives for other sectors deemed vital to national security [3] Group 2 - Enovix focuses on manufacturing lithium-ion batteries and stands to benefit from initiatives aimed at increasing domestic lithium production, potentially lowering raw material costs [4]