Lucid Group shares fall 1.95% premarket after launching MINAC collaboration with critical mineral producers.

Lucid Group, Inc. declined 1.95% in premarket trading. The company announced the launch of the Minerals for National Automotive Competitiveness Collaboration (MINAC), a partnership with critical mineral producers to accelerate the development of domestic critical mineral resources for use in automotive manufacturing by U.S.-based automakers and Tier 1 suppliers. The collaboration aims to advance domestic mineral production, identify and resolve barriers, and expand coordination between the mining and automotive industries.