Lithium Americas Corp (LAAC)

[overlordpeter]

Demand for lithium is just taking of there is going to be a point were a single lithium play starts to smoke the rest of the players on the market. In order to lower the price of lithium bringing down the price.A pure lithium play should be very careful not under cut its ability for market domination.When western lithium pull out of the pack who will be on board. its like a horse track the big winners place there bets before the race starts.



LG Chem has a cell manufacturing plant in Holland, Mich. that has been the source of considerable controversy over the past several years as the Korean company took $142 million in stimulus grants to help fund construction but then delayed actual production. Since launching production in late 2013, the factory has ramped up to shipping 130,000 cells a week with most going to General Motors' GM +1.94% for use in the Chevrolet Volt, Spark EV, Cadillac ELR and the upcoming CT6 plug-in hybrid.

LG Chem is also supplying the Chevrolet Bolt EV in addition to the Pacifica. However, unlike the Bolt packs which will be imported from LG’s factories in South Korea, the Holland plant will manufacture the cells and the pack system for the Pacifica. That means LG will be adding some new production capacity and jobs in Holland to support the production of pack assemblies.