Lithium Americas Corp (LAAC): Deutsche Bank Discusses Lithium Americas...

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John-Knee

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Wednesday, 04/13/2022 9:35:17 AM

Wednesday, April 13, 2022 9:35:17 AM

Deutsche Bank Discusses Lithium Americas' Planned US Asset Separation
2022-04-13 09:28:10 AM ET (MT Newswires)

09:28 AM EDT, 04/13/2022 (MT Newswires) -- Deutsche Bank said Wednesday that it discussed the potential US asset separation of Lithium Americas Corp. (LAC.TO) during its Fireside Chat with CEO Jon Evans.

Deutsche Bank said the potential spinoff is driven by the company's increased focus on establishing a domestic lithium production and supply chain.

This comes as the US and many countries are focused on reshoring lithium production and establishing a domestic supply chain.

There has been an increased interest in local production over the last six to 12 months, which has been the driver for Lithium Americas to explore an asset separation, according to Deutsche Bank.

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