Lithium Stocks Surge on Rio Tinto's Approach to Buy Arcadium [BNN Bloomberg (Canada)]
Lithium Americas Corp. Common Shares (LAC)
Last lithium americas corp. common shares earnings: 11/12 07:00 am
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Source: BNN Bloomberg
Lithium stocks have struggled amid excess supplies and weak demand for the key battery metal used in electric vehicles. The spot price for lithium carbonate in China is down more than 85% from its peak in 2022. Rio's approach for Arcadium — a US-based producer with operations across four continents — is spurring optimism that smaller lithium producers may be takeover targets. Lithium miners including Liontown Resources Ltd., Sayona Mining Ltd and Lithium Americas Corp. rose more than 10% on Monday. Shares of Global X Lithium & Battery Tech ETF gained more than 5% in New York. “Because prices are depressed, and therefore corporate valuations are depressed, that stimulates interest from prospective buyers,” said Pavel Molchanov, an analyst at Raymond James & Associates Inc. “The fact we have a blue-chip mining conglomerate interested in making a multi-billion dollar acquisition — that's bullish for the whole industry.” The deal, if it goes through, would make Rio Tinto one of
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News
- Auto Roundup: HMC-NSANY Merger Plans, GM's Thacker Pass JV Deal & More [Yahoo! Finance]Yahoo! Finance
- LAC & GM Close Thacker Pass JV: Is Lithium Americas a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Lithium Americas Announces Closing of Thacker Pass Joint Venture with General MotorsBusiness Wire
- 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
LAC
Earnings
- 5/13/24 - Beat
LAC
Sec Filings
- 12/23/24 - Form SCHEDULE
- 12/23/24 - Form 6-K
- 11/7/24 - Form 6-K
- LAC's page on the SEC website