Streetbeat News

LAC

Lithium Americas Corp.

https://www.lithiumamericas.com

Industry

Industrial Materials

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

Open

4.06

Mkt cap

855M

Volume

9.4M

High

4.06

P/E Ratio

-32.67

52-wk high

7.86

Low

3.76

Div yield

N/A

52-wk low

2.02

Lithium Americas shares rise following a new investment agreement with General Motors to create a joint venture for the Thacker Pass project in Nevada.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:36 am

Lithium Americas and General Motors have formed a joint venture, with GM investing $625 million in cash and letters of credit into the Thacker Pass project.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 11:22 am

Lithium company shares are declining due to potential oversupply and concerns over reduced demand for renewable energy commodities if Donald Trump wins the U.S. presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:31 pm

Lithium shares are experiencing a downturn due to an oversupply in the market, affecting the stock prices of companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 5:31 pm

Lithium company shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt as a stimulus measure.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:46 pm

Lithium company shares are rising following China's Central Bank's announcement of a new stimulus package.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:53 am

Shares of lithium companies are rising as the US Department of Energy selected Standard Lithium and Equinor for a potential $225 million award for the South West Arkansas project.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 7:41 pm

Lithium stocks are experiencing a rise in share prices following an increase in lithium prices, which was triggered by the Federal Reserve's decision to cut rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:04 pm

Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:18 pm

Shares of lithium companies, including Sociedad Quimica y Minera (SQM), Albemarle Corporation (ALB), and Lithium Americas Corp. (LAC), are rising due to a halt in production at a major Chinese lithium mine, potentially rebalancing supply and demand.

Portfolio Pulse from Dylan Berman

September 11, 2024 | 4:48 pm

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