August 10, 2021, 10:52 am EDT
Lithium is the core of clean energy for storing electrical energy efficiently. Almost all electrical vehicles adopt lithium batteries for their motors. Therefore, it is expected that the demand for lithium is going to rise for months or years to come.
Lithium America Corp (LAC) is a 2 billion market cap mining company headquartered in Vancouver, Canada. Cauchari-Olaroz (Argentina) and Thacker Pass (Nevada, USA) projects made LAC outstanding in lithium development.
Technically, LAC is breaking out today at 16 which US senator approved a 1 trillion dollar infrastructure fund. It offers an ideal entry point after a 4-month convergence pattern and base. 16 could provide support if pullback occurs. 14 should trigger protective sell-stop if LAC cannot make the rally.