Why Lithium Americas and Standard Lithium Stocks Jumped Today
Shares of lithium companies Standard Lithium (NYSEMKT: SLI) and Lithium Americas (NYSE: LAC) have been on a torrid run this year. Tuesday marked yet another strong day for the lithium stocks: Standard Lithium closed up 4.3% after popping 12.2% earlier in the day, and Lithium Americas shares closed the day up 12.4%.
Lithium prices continue to hover around all-time highs as supply remains tight amid a surge in global demand, thanks primarily to the rise in interest in electric vehicles, which run on lithium-ion batteries.
Amid the boom, any lithium company advancing its projects and attracting attention from Wall Street analysts is bound to grab the market's interest.
Source Fool.com
