Lithium Americas (LAC)

by | Aug 11, 2022 | Daily Trade Alerts

Lithium stocks, like Lithium Americas (LAC) just broke out.

In fact, if you take a look at a one-year chart of LAC, you can see it just broke above double top resistance around $27.10. From here, we’d like to see it push closer to $34. With the electric vehicle boom and the new climate bill, lithium could be a top beneficiary.

Remember, every EV needs about eight kg. of lithium, according to the U.S. Department of Energy. Unfortunately, for quite some time, there’s more demand than there is supply. Two, the International Energy Agency has even warned that, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.”

Those catalysts alone could see LAC accelerate to higher highs.

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