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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

Comment by Moemoney42on Feb 17, 2022 12:35pm
232 Views
Post# 34438520

RE:It appears

RE:It appears
Moemoney42 wrote: LAC is getting sideswiped by the ALB numbers out this AM... I guess traders haven't looked closely at their report to see alot of the charges will be one time charges due to the expansions they are doing.. the Lithium sector is doing fine and 2022 growth in the sector is looking fine.. just a knee jerk reaction IMHO.. 

This article somewhat confirms my thoughts.. 

"The Globe and Mail reports in its Thursday, Feb. 17, edition that the lithium supply crunch has arrived. A Reuters dispatch to The Globe reports that every component of the lithium processing chain is on a wild price surge. There is simply not enough of the stuff around to meet demand at the moment. Scarcity of what is a critical input for electric vehicle (EV) batteries could potentially act as a powerful brake on e-mobility, with profound implications for global efforts to decarbonize. The seeds of today's lithium boom were sown five years ago, when prices rose to what were then record highs as producers failed to anticipate the demand wave emanating from China's subsidy-driven roll-out of EVs. The collective supply response, particularly from hard-rock spodumene producers in Australia, then proved far too strong, leading to the price bust of 2018-2020. New mines were mothballed, expansion projects were deferred and explorers left to seek their mineral fortunes elsewhere, hollowing out the new project pipeline. In classic commodity cycle style, this has left producers ill-prepared to meet the current, even stronger demand surge. The resulting shortfall of units is fuelling lithium's white-hot rally."
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