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Why Lithium Americas Stock Just Spiked 13%

Around 7 a.m. ET this morning, analysts at investment bank JP Morgan revised their price target on Lithium Americas Corp (NYSE: LAC) stock higher — to $39 per share. Now, JP Morgan’s note (covered today on wasn’t the only reason why Lithium Americas stock spiked, but it was definitely a contributing factor. As the banker explained, the price of lithium metal for electric-car batteries is going up, with pricing on both spodumene (a lithium-containing rock) and lithium carbonate (a lithium salt) continuing to move higher.

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