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Lithium Americas Corp T.LAC

Alternate Symbol(s):  LAC

Lithium Americas Corp. is a lithium resource company. The Company is focused on advancing Thacker Pass to production. The Company owns 100% of the Thacker Pass project, which is located in Humboldt County in northern Nevada, through its wholly owned subsidiary, Lithium Nevada Corp. Thacker Pass is situated at the southern end of the McDermitt Caldera, approximately 60 miles (100 kilometers) northwest of Winnemucca, in Humboldt County, northern Nevada. Its subsidiaries include RheoMinerals Inc., KV project LLC, and 1339480 B.C. Ltd.


TSX:LAC - Post by User

Post by bogfiton Jan 30, 2024 12:05pm
314 Views
Post# 35852792

"A slump across battery materials

"A slump across battery materials

 has upended projects worldwide as gluts emerge, even as optimism about the outlook for electric vehicles persists. With prices in free fall, miners are imposing production cuts and seeking to rein in costs. In Australia, Pilbara Minerals Ltd. said recently it’s unlikely to pay a dividend, Core Lithium Ltd. will cut jobs, and some nickel mines will be halted.

“The irony is clearly that this is the lowest-cost producer globally of the hard rocks,” said Jon Bishop, analyst at Jarden Securities, referring to the type of formation mined at Greenbushes. “So for them to be curtailing production, it’s a little bit about-face.”

Sales will be about 20% lower than production in the second half as inventories build at site, IGO said in a statement. The mine’s partners — which include Albemarle Corp., and a joint venture of Tianqi Lithium Corp. — have agreed to a monthly pricing mechanism for offtake, replacing a quarterly framework."

Battery metal bust spurs output cut at leading lithium project - MINING.COM

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