"3 lines working together" caused LAC's rally ...
Righttttt ...
Or, it could be something like ...
"A Hunger for Lithium Juices Deals"
Excerpts from this article on page B1 of Business & Finance from today's WSJ (I know it's DD, which you eschew Nowhat, but give it a read anyway):
* Tesla's and Tianqi Lithium's respective recent deals with lithium producers are "the latest sign that big users are rushing to secure supplies of the material used in electric-car and cellphone batteries;
* Both lithium and cobalt, which is also used in these batteries, face potential shortages in the years ahead as electric-vehicle use increases;
* That concern is driving a number of companies like technology firms and car makers reliant on lithium and cobalt to strike deals now, even if it means joining with suppliers that have yet to start producing;
* In addition to the sector's dominant players, analysts estimate that there are more than 100 smaller lithium miners and about 25 cobalt firms. Many are publicly traded in Canada and Australia and some have already clinched deals with big users. "It just looks like we're on the precipice of this wave," said Chris
Berry, founder of House Mountain Partners LLC, a New York-based adviser to battery-metals companies and investors. "You're going to need a lot of investment in a hurry to meet demand."
* Japan's Softbank Group Corp. last month paid nearly $80 Million for a roughly 10% stake in Nemaska Lithium Inc., a Quebec-based producer. It marked Softbank's first investment in a lithium company. Nemaska has produced just small samples of lithium compounds at this point, and its mine and plant are expected to be fully operational in the second half of 2019;
* The trading arm of Toyota Group, the parent company of Toyota Motor Corp., also said in January that it was taking a 15% stake in Australian lithium firm Orocobre Ltd., for roughly $225 Million;
* Because most investors looking for exposure to cobalt and lithium take positions in mining companies, analysts said the recent share-price declines reflect uncertainty about which ones will end up on top and the risk still involved in the fledgling market; and
* Analysts expect demand for the materials used o power electric vehicles and smart phones to more than double by 2025, pushing transportation and technology companies into exploring unconventional deals to meet that pressing need.
IMHO, given the obvious trends, it's only a matter of time (not if, but when) before LAC, the largest lithium holder in the U.S. and well on its way to production in Argentina, strikes its own deals with one or more "big users rushing to secure supplies" of Li.
GLTA, G8tr
AI
