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Lithiumamericas

Lithium Americas ($LAC) Closed $4.73 on Friday's Session up 1.5%Lithium Americas ( NYSE:LAC ) has recently announced that it will raise $275 million to accelerate the development and construction of the Thacker Pass lithium project in Nevada. The company will offer 55 million shares for $5 per share, just a month after the US government disclosed its plans to lend $2.26 billion to support the project. The Thacker Pass lithium project is expected to reach its full capacity in 2028, with an anticipated production of 80,000 metric tons per year. Lithium Americas ( NYSE:LAC ) aims to extract lithium from a large clay deposit at Thacker Pass, which has never been done before at a commercial scale. The loan from the US government is a significant part of the Biden administration's strategy to reduce reliance on China for lithium supplies. The mine is expected to commence operations later in the decade and will play a crucial role in supplying General Motors. In a statement, Vancouver-based Lithium Americas ( NYSE:LAC ) revealed that the underwriters of the public offering would be granted a 30-day option to purchase up to an additional 8.3 million shares. Lithium Americas' US-listed shares closed at $6.63 on Wednesday, with post-market trading seeing a 19% drop. However, before the market closed on Friday, the stock surged 1.5%, setting the stage for a promising start during Monday's trading session. The stock's recent crash could be attributed to two major factors. Firstly, the price of lithium has plummeted in recent months due to concerns of oversupply. Secondly, there is evidence that the demand for electric vehicles is on the decline. Many vehicle dealers in the US have reported that EVs are not selling as quickly as they did before, leading them to focus on Internal Combustion Engine (ICE) vehicles. On a positive note, Lithium Americas ( NYSE:LAC ) has completed a spin-off of its operations into two separate companies: Lithium Argentina and Lithium Americas. This decision enabled the company to streamline its operations. The company has also made a significant discovery in Nevada, which is set to become the largest lithium mine in the United States by 2026. It is currently developing the mine with the support of the Biden administration, which has agreed to provide $2.26 billion. Investors of Lithium Americas ( NYSE:LAC ) believe that the company stands to benefit from the ongoing energy transition. As an American company, it will also profit from the favorable terms offered by the government through the Inflation Reduction Act (IRA). However, there are still risks to this belief, particularly with the current era of lithium abundance. Countries like Australia, Chile, Argentina, China, and Brazil are all boosting their lithium production, with more countries expected to enter the market, resulting in oversupply. The daily chart indicates that the NYSE:LAC share price hit its lowest point at $3.80 in February before rebounding to $7.73 this month, where it formed a double-top pattern. Currently, the stock has dropped below all moving averages and the 23.6% Fibonacci Retracement level, forming a down-gap. Therefore, it is likely to continue falling as sellers aim for the critical support level of $3.80, marking its lowest level for this year.
NYSE:LAC
by DEXWireNews
Lithium Americas (NYSE: $LAC) Plummeted 29.71% The stock price of Lithium Americas (NYSE: NYSE:LAC ) has experienced a sharp decline, plunging by over 27%, marking its biggest single-day drop since April 2022. This decline follows the announcement of a new fundraising plan by the company. Lithium Americas ( NYSE:LAC ) has been under significant pressure for some time, and as a result, its stock has plummeted by over 81% from its all-time high in November 2021. This sharp decline in stock price coincides with two principal events. First, the price of lithium has taken a severe hit in recent months due to oversupply concerns. Second, there are indications that the demand for electric vehicles is on the decline. In the United States, many vehicle dealers have issued warnings that EVs are not selling as fast as they were previously. Consequently, many dealerships have shifted their focus back to Internal Combustion Engine (ICE) vehicles. One positive development for Lithium Americas is the completion of a spin-off of its operations into two companies: Lithium Argentina and Lithium Americas ( NYSE:LAC ). This strategic move has enabled the company to streamline its operations. Additionally, the company has made a significant discovery in Nevada, which will become the largest lithium mine in the United States by 2026. The mine is currently being developed with the assistance of the Biden administration, which has committed to providing $2.26 billion. However, the decision by Lithium Americas' management to raise $275 million to fund the development of the Thacker Mine in Nevada has resulted in a significant decline in the stock price. This move will dilute the shareholding of current investors. Despite this, Lithium America's investors remain optimistic that the company will benefit from the ongoing energy transition, and as an American company, it will enjoy favorable terms offered by the government through the Inflation Reduction Act (IRA). Nevertheless, the current lithium abundance era presents risks to this optimistic outlook. Countries such as Australia, Chile, Argentina, China, and Brazil are all increasing their lithium production, with more countries expected to join the market, leading to an oversupply. In terms of the stock price forecast, the Monthly chart shows that the NYSE:LAC share price hit a low of $3.80 in February, bounced back to $7.73 this month to form a double-top pattern, and has since fallen below all moving averages . The stock has formed a down-gap . As a result, it is expected to continue falling as sellers target the key support at $3.80, its lowest level this year.
NYSE:LACShort
by DEXWireNews
1
U.S. Approves $2.26 Billion Loan for Nevada Lithium PlantThe Biden administration has greenlit a record-breaking $2.26-billion loan for Lithium Americas Corp., ( NYSE:LAC ) propelling the development of a Nevada lithium deposit—the largest of its kind in the United States. The loan, extended by the U.S. Department of Energy, represents a significant milestone in efforts to advance sustainable energy infrastructure and reduce dependence on foreign sources of lithium—a crucial component in electric vehicle batteries, solar panels, and wind turbines. Lithium Americas Corp., ( NYSE:LAC ) announced that the substantial loan will primarily fund the first phase of development, marking a pivotal moment in the company's journey to harness the potential of the Nevada lithium deposit. The project, spearheaded by the company's subsidiary, Lithium Nevada Corp., ( NYSE:LAC ) will see the construction of a state-of-the-art lithium carbonate processing plant adjacent to the Thacker Pass mine—a project valued at $2.2 billion. With General Motors Co. investing $650 million in Lithium Americas, the Nevada lithium project is poised to become a cornerstone in the supply chain for electric vehicle manufacturers. As the automotive industry transitions towards electrification, securing a reliable source of lithium is paramount to meeting growing demand for sustainable transportation solutions. The loan, described as the largest-ever to a mining company by the DOE's Loan Programs Office, underscores the government's commitment to bolstering domestic production of critical minerals. President Biden's climate agenda, coupled with increased focus on renewable energy, has catalyzed investments in projects like the Nevada lithium plant, positioning the United States as a global leader in sustainable energy technology. Moreover, the loan comes amidst a broader push to revitalize the American manufacturing sector and create high-quality jobs in clean energy industries. By supporting projects like the Nevada lithium plant, the Biden administration aims to foster economic growth while addressing climate change and promoting energy independence. Technical Outlook NYSE:LAC stock is trading with a moderate Relative Strength Index (RSI) of 67 indicating a moderate bullish trend. Prior the news on the approval of the loan, NYSE:LAC surged by 9.16%.
NYSE:LACLong
by DEXWireNews
Piedmont Lithium continuation of Bullish DivergenceHey Folks! This is an update to my Head and Shoulders bullish divergence idea. You can see the double bottom Stochastic RSI and continued price increase. Granted it's not the most bullish divergence, but the H&S pattern at this moment, is more likely to play out than not imo. It's not unusual for price to stray only to come back into the fold in a H&S. 10 avg volume has increased slightly after today. I don't pay much attention to analyst price forecasts, but in this case the targets are worth looking into and make technical sense to me. In fact I think they are modest. I'm looking for a 100% return if Piedmont can get their mining permits approved by North Carolina. If approved, PLL would become one of North America's largest sources of lithium for electric vehicle batteries for Tesla and others. This permit approval also adds an extra measure of risk to keep in mind. Also, there is a bearish case of a gap fill at $11.70 and there is a lot of liquidity in the mid 20's. I think this would be the result of a fundamental upset with the permit. Price broke March 31 resistance at $60.94 and looks to be retesting that zone. I will update this idea accordingly. Not financial advice. Happy Trading! OnePath
NASDAQ:PLL
by OnePath
Unlikely Lithium Americas (NYSE: $LAC) Will Get Much Cheaper! 💯Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
NYSE:LACLong
by Bullishcharts
4
LAC about to jump higher before the March stumble?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 4, 2022 with a closing price of 24.973. If this instance is successful, that means the stock should rise to at least 25.11 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.579% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 8.399% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 17.491% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 21 trading bars, and one-quarter require at least 40 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:LACLong
by StockSignaler
LITHIUM ETF - 4 times Higher Already 🚀👷🔋LITHIUM is FLYING! Check our idea/post from June 17th of last year as well as November 2020 It was obvious fundamentally that this was going to happen, for one too many reasons you can read about in those 2 previous posts. If something has changed is only positive, with Lithium Americas, Albemarle, and JinkoSolar Stocks went off like rockets on Monday, responding to a Biden administration plan to quadruple the share of green energy in America's economy by 2030. President Joe Biden calls for 80% green energy in the U.S. Renewable energy stocks react. Long story short, the Biden administration's proposal for "greening" the U.S. economy could be great news for both solar stocks and lithium stocks -- if the revolution happens. On a more cautionary note, WSJ observes that while you shouldn't "bet against a committed U.S. federal government and a supportive populace," the plan "envisions triple-digit billions of dollars of tax credits for clean energy over the course of a decade. But aren't in the bipartisan infrastructure bill" currently working its way through Congress. It's not yet certain that either Congress or voters will support spending "triple-digit billions" to subsidize green energy -- or pay the higher tax bills that those subsidies imply. In the meantime, S&P Global data shows that none of the three stocks named is currently generating positive free cash flow from their businesses. Unless subsidies are forthcoming, it remains to be seen if they can be profitable on their own. One Love, Let's go to 110 LIT ETF, the FXPROFESSOR 🔋🔋🔋🔋🔋
AMEX:LITLong
by FX_Professor
6
LLKKFJumped back in lake after some good success with this 1 last month. I think we finally get the move back up to .45c then eventually .65c. The triangle I drew is subjective so can't be sure of the accuracy. Also the fact that after breaking from the triangle top Trend line lake just sells off back into the triangle. So be c careful here if you follow my idea because I read this a few ways. 1. Lake is way oversold and the trend is ready to bounce. 2. They have some catalysts ahead this month I believe they will report the lithium mining extraction results soon (DYOR) 3. This level has been proved as strong support thus far. 4. If a breakdown happens and Lake starts to head below .21c I will exit because those lower EMAs will likely be tested in this scenario. 5. Low volume so we need buyers to move this stock so the news about their extraction will likely be the catalyst. GL guys.
OTC:LLKKFLong
by Big_Mike716
6
LIACF Long term hold - BullishEven though this one is an OTC stock, the potential is enormous. These guys mine Lithium, THE key component of current battery technology. They have the estimated largest find of Lithium in world at their site in NV. The only issue with that market is that China controls most of the LIthium processing, but expect that to change over the next few years. Notables like Elon Musk $TLSA has a good deal to gain from a local source. Wouldn't surprise me for him to start large scale Lithium processing since the demand is increasing the the existing capacity flows through China which is a bottleneck and extra cost. With the weekly level closing over the previous high, this could start moving.
LLong
by AbTrader0
1
Lithium ETF - Needs a small pause to recharge 🔋🔋🔋Lithium has been one of our most successful 'explosive' trades and it has proven as right. Our first post on June 17, 2020 was the beginning of a series of trades on our ETFs account and the price has over-doubled ever since. Later on we posted this about how 'Lithium is power' and indeed we had a further rise of over 40% until then. At this stage we have reduced our positions dramatically as we expect a correction as shown on our chart. ps. we do a LOT of research on Lithium and others. We highly recommend this YouTube channel📺 for Lithium research, news and interesting facts, as well as plenty of Tesla research and analysis. (and also this Lithium from the legend, Kurt Cobain👼🎸)
AMEX:LITLong
by FX_Professor
2
Stifel analyst with a buy rating and $13.25 price targetThe miner of material for batteries received some positive analyst coverage Tuesday night, with a price target still above where shares closed today. Yesterday, Stifel analyst Anoop Prihar initiated coverage of Lithium Americas with a buy rating and $13.25 price target. That represents another 7% potential on top of today's bounce. The latest coverage comes as the Canadian miner continues to advance development of lithium projects in Argentina and in Nevada. The Stifel analyst cites its growth in those projects as a move toward becoming one of the largest global lithium suppliers. Though Prihar says that the stock offers "attractive upside potential" from its growth strategy, investors should note that the Nevada project won't be operational until at least 2024. But the Thacker Pass project in Nevada should reinforce the battery supply chain domestically . In October, President Trump signed an executive order declaring a national emergency in the mining industry , saying it was "particularly concerning" that the United States imports 80% of its rare-earth elements directly from China. The order also stated that the "United States must broadly enhance its mining and processing capacity." Long-term investors are looking to companies like Lithium Americas to supply those needs. www.fool.com Lithium Americas earned $0.07 in the third quarter, compared to $0.06 in the year-ago quarter.
NYSE:LAC
by AlenCiken
Lithium Americas Corp $LAC Bullish breakoutLAC was in an Rising Wedge formation but broke out bullish and also broke a resistance level of $6.06. Also the RSI is in bullish territory and ADX points to a strong trend. Today we came down to backtest the breakout level. You could try to enter now but if you want to be more on the cautious side wait until the price rises back above the $6.60 level of the breakout candle. The close of today was $6.38 and the measured move of the breakout is $7.75. Good luck traders.
NYSE:LACLong
by ElPsyKongroo369
LIACF AMERICAN LITHIUM CORP upside potentialWith a MARKET CAP of only 140.29M and a Net Income of -9.289M and growing economic demand for lithium-based technologies makes American Lithium maybe worth a shot, especially compared to some other penny stocks out there. American Lithium Announces Maiden Pit-Constrained Mineral Resource of 5.37 Million Tonnes Lithium Carbonate Equivalent Measured and Indicated and 1.76 Million Tonnes Inferred. American Lithium Corp. is an exploration stage company. It is engaged in the acquisition, exploration, and development of lithium deposits. Looking at the charts, they show buy signals on most timeframes. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, like others, just leave me a P.M.
LLong
by TopgOptions