Pat: I have heard that lithium is on the rise. What do you think of the following lithium stocks: Lithium Americas, Talison Lithium and Western Lithium USA? Thanks.
Lithium, which is used in electric car batteries, has attracted investor interest lately. Nevertheless, it is still not clear how quickly demand for electric cars will rise, or if lithium batteries will even be the preferred method of powering them.
Lithium can be open pit mined, but in the 1980s, companies began producing it from brine solutions drawn from lakes, such as the Chabyer salt lake in Tibet and the Salar de Atacama salt lake in northern Chile. The lithium-from-brine producers’ lower costs put the open pit lithium miners out of business. Now, they have the capacity to produce enough lithium to meet demand for many years.
A: Lithium Americas, $1.24, symbol LAC on Toronto (Shares outstanding: 77.2 million; Market cap: $95.7 million; www.lithiumamericas.com), is a Canadian company that develops and explores for lithium, potassium and borax in South America. It is now working on completing a feasibility study on its Cauchari-Olaroz project in Argentina.
The stock is okay to hold, but only…
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Changes to this Policy
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