Lithium Americas (LAC) Stock Goes Through Decline After Sharp Rise: What’s The Cause?

Over the last month, we can observe Lithium Americas (LAC) stock peak at $16.60 on June 7, which is steadily going down this week, reaching already $15.31. What is causing the falling off and to what such a downtick will lead?
Lithium Americas (LAC) Stock Goes Through Decline After Sharp Rise: What’s The Cause?In early June, the company was pleased to provide an update on the Caucharí-Olaroz lithium project (“Caucharí-Olaroz”) in partnership with Ganfeng Lithium in Jujuy province, Argentina. Caucharí-Olaroz is on track to become the largest new lithium brine production operation in the last 20 years, with the first phase expected to be completed within the next year.

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Following the installation of new camp facilities, more than 1,000 workers are currently on-site to ensure compliance with COVID-19’s strict health and safety regulations. Over the last eight months, there have been no positive COVID-19 cases at the site. At this rate, the company representing itself as a good long-term investment in the next 5 years. Investors should keep a tight eye on the company’s choices, particularly this project.

Jack Dawkins

Finance and Tech Contributor