Lithium Americas Soars on Government Stake Catalyst

25 days ago

Unspecified / Referencing Dan Ives and Chris Wright

"Lithium America's ticker LAC. Oh no, they're rising 32%. So the reason behind this, we had Secretary of Energy, Chris Wright, he told Bloomberg TV, he was on and he said that the government's going to take a 5% stake in the company. ... And our analyst, Dan Ives, says that the government taking a stake is a game changer deal for lithium. He says that ThackerPass is going to help the U.S. reduce its reliance on China."

Lithium Americas (LAC) experienced a significant 32% surge following news that the U.S. government will take a 5% stake in the company. Analysts, including Dan Ives, view this move as a game changer that could reduce U.S. reliance on Chinese lithium, indicating a strong positive catalyst for the company.

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