Lithium Americas (NYSE:LAC) stock popped on Tuesday and was trading up 9.8% as of 2:10 p.m. EDT. Four factors drove the lithium stock higher today: lithium prices, Albemarle (NYSE:ALB), Tesla, and Canada’s Toronto Stock Exchange (TSX).
Lithium hydroxide prices hit all-time highs of $20,000 per metric ton on Sept. 8, according to S&P Global. The primary reason is a surge in electric vehicle sales in China that has driven demand for lithium-ion batteries higher. Between January and August, sales of new electric vehicles (NEVs) in China jumped....More>>>