As Trump Buys Into Lithium Americas, This 1 Under-the-Radar Lithium Stock Could Go Even Higher

Industry Overview - Lithium is essential for batteries, particularly in electric vehicles (EVs), with the U.S. currently producing less than 1% of the global lithium supply [1] - The global EV industry relies on lithium transported over long distances from extraction to battery cell production [1] Company Developments - Washington plans to acquire a 5% equity stake in Lithium Americas (LAC), leveraging a previously issued $2.26 billion loan from the U.S. Department of Energy [2] - The stake will also include a 5% interest in the Thacker Pass project, which is under construction and aims for initial production by 2027 [2][3] Project Significance - Thacker Pass, located in northern Nevada, is one of the largest lithium reserves globally and is crucial for establishing a secure North American lithium supply chain [3][4] - The project aims to produce battery-grade lithium carbonate, vital for electric vehicle batteries and clean energy storage [3][4] Market Performance - Lithium Americas has a market capitalization of $1.45 billion, with LAC stock gaining 158% over the past 52 weeks and 125% year-to-date [4][5] - Following the announcement of the White House's interest in an equity stake, LAC stock surged by 95.8% intraday on September 24 [5]