There was a gold rush when America was opened to migrants. Today, the same thing is being repeated on the level of corporations, and gold is replaced by lithium, cobalt, and graphite that make up lithium-ion batteries.
Snow Lake will deliver lithium hydroxide to LG Energy Solution which takes responsibility to produce lithium-ion batteries for EVs, a futuristic hope for a clean environment.
After announcing the partnership deal, Nasdaq: LITM shares jumped 50% but when the market is about to close the correction takes over the rally. However, the stock is on the spot by long-term goal-setting investors who buy shares in millions of US dollars. At the time of writing LITM’s trading volume surpasses 73.1 million shares.