LAC is the largest lithium mine in North America in Nevada, set to begin production in 2027. The output will quadruple by 2040. The Department of Energy has invested 2b, making this mine of national security.
The share price popped to $10 already when Beijing scared the market of rare earth metal restrictions. At some point, China & US are going to stop sharing their minerals, becoming more important than selling them.
This is an investment into long term commodities, and a hedge against the negative catalyst which will be restrictions on minerals needed for EV and AI.
