“Investors may want to use any signs of weakness in the lithium market as opportunity. All as EV demand accelerates. According to the International Energy Agency, about a fifth of all cars will be electric this year. As demand increases, automakers will need far more lithium, which could be great news for stocks, such as Lithium Americas (LAC)—which is moving forward with its Thacker Pass project,” we noted on May 1.
At the time, LAC traded at $19.98. Today, it’s up to $21.41, and could see higher highs. All as it aggressively moves forward with Thacker Pass, along with General Motors. Once we see further progress at the mine, we wouldn’t be shocked to see LAC closer to $30 a share.