Was The Biggest Lithium Deposit Just Found? Here's The Stock Investors Should Know
Portfolio Pulse from Chris Katje
A new lithium deposit, potentially the world's largest, has been discovered near the Nevada and Oregon border. Lithium Americas Corp (NYSE:LAC), which owns rights to the Thacker Pass mine in the region, could begin mining in 2026. The discovery could be significant for the electric vehicle sector, which relies heavily on lithium for battery production. Lithium Americas Corp is a holding in both the Global X Lithium & Battery Tech ETF (NYSE:LIT) and the Amplify Lithium & Battery Technology ETF (NYSE:BATT).
September 13, 2023 | 9:19 pm
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POSITIVE IMPACT
The Amplify Lithium & Battery Technology ETF could potentially benefit from the discovery of the world's largest lithium deposit as Lithium Americas Corp is a holding in the ETF.
The discovery of the world's largest lithium deposit could potentially benefit the Amplify Lithium & Battery Technology ETF, as Lithium Americas Corp is a holding in the ETF. This could potentially increase the ETF's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lithium Americas Corp could potentially benefit from the discovery of the world's largest lithium deposit. The company could start mining in the region in 2026.
The discovery of the world's largest lithium deposit could significantly benefit Lithium Americas Corp, which owns the mining rights to the region. This could potentially increase the company's stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Global X Lithium & Battery Tech ETF could potentially benefit from the discovery of the world's largest lithium deposit as Lithium Americas Corp is a holding in the ETF.
The discovery of the world's largest lithium deposit could potentially benefit the Global X Lithium & Battery Tech ETF, as Lithium Americas Corp is a holding in the ETF. This could potentially increase the ETF's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80