China's Ganfeng to take control of Argentina lithium project [Reuters]
Lithium Americas Corp. Common Shares (LAC)
Last lithium americas corp. common shares earnings: 11/12 07:00 am
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Source: Reuters
China's Ganfeng to take control of Argentina lithium project (Reuters) - China’s Ganfeng Lithium Co said on Friday it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries. The move helps Lithium Americas cut its debt, up more than eight times in the past year, and reduce its exposure to recession-hit Argentina as it develops another lithium project in Nevada. It also helps Ganfeng, which counts BMW, Tesla Inc and LG Chem Ltd as customers, expand its dominance over the EV supply chain. Lithium Americas had said last spring that it had no interest in selling more than 50 percent of its stake in the Cauchari-Olaroz project in Argentina’s far north. Last fall, Argentina elected Alberto Fernandez, a Peronist who favors government economic intervention, as president. Lithium prices have also dropped, unnerving investors. “We don’t know what could happen i
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LAC
News
- Lithium Americas Corp. (NYSE: LAC) is now covered by analysts at Wedbush. They set a "neutral" rating and a $5.00 price target on the stock.MarketBeat
- Lithium Americas Corp.'s (TSE:LAC) market cap dropped CA$388m last week; individual investors who hold 56% were hit as were institutions [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Shares Rise 44% in 3 Months: How to Play the Stock? [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Reports Strong Q3 2024 Progress [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Corp. (NYSE: LAC) had its price target raised by analysts at B. Riley from $4.50 to $5.00. They now have a "buy" rating on the stock.MarketBeat
LAC
Earnings
- 5/13/24 - Beat
LAC
Sec Filings
- 11/7/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/17/24 - Form SC
- LAC's page on the SEC website