Why Is Lucid (LCID) Stock Up 25% Today?

Lucid (NASDAQ:LCID) stock is up a staggering 25% today on news that the electric vehicle (EV) maker has signed a promising new materials deal. So, what’s behind today’s surge?Today, news broke that Lucid has inked a three-year agreement with Ma’aden Rolling for the supply of aluminum panels for its U.S. Lucid manufacturing facilities. Ma’aden Rolling can produce about 460,000 tons of high-quality aluminum sheets per year. It also produces can sheets and tabs used to produce aluminum cans. Notably, Ma’aden R ...