Lithium Americas (LAC)

Mar 21, 2022Trade Ideas

With a lithium supply crunch, Lithium Americas (LAC) is a top pick.

For one, “A global push for EV adoption, helped by government subsidies and incentives, means that demand for lithium is not going away. Companies like Volkswagen, Ford, Mercedes and Amazon have started shifting their focus to electric vehicles,” reports Bloomberg.

Two, according to the Boston Consulting Group, by 2025, EVs could account for a third of all auto sales. By 2030, EVs could surpass combustion engine vehicles with a market share of 51%.

However, for any of that to be successful, far more lithium is needed immediately.

Unfortunately, we don’t have enough supply. That’s why LAC should move higher.

According to a Seeking Alpha article, “Lithium Americas has one of the largest US lithium projects alongside several others in Argentina. The company is looking to reach production at one site within the year and is awaiting a court decision to break ground at Thacker Pass in the US. Once it has reached production, Lithium Americas is looking at immense revenue.”


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