Just yesterday, we noted, “One of the top lithium stocks to consider on that news is Lithium Americas (LAC). Not only is lithium demand fueling upside in the stock, so is news it’s preparing construction, and potential supply agreements and partnerships for Thacker Pass.”
At the time, the stock traded at $22.15, and would drop to $21.99. In pre-market, the stock is up about 11% to $24.38 on news General Motors is investing $650 million in LAC to help develop a lithium deposit in Nevada.
“Direct sourcing critical EV raw materials and components from suppliers in North America and free-trade-agreement countries helps make our supply chain more secure, helps us manage cell costs, and creates jobs,” said GM Chief Executive Mary Barra in a news release.
We still like the LAC stock at current prices.