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Why Lithium Americas Stock Popped 8% Today

·1 min read
Why Lithium Americas Stock Popped 8% Today
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Shares of lithium mining company Lithium Americas (NYSE: LAC) closed 7.7% higher on Friday. You can thank rival lithium company Albemarle (NYSE: ALB) for that. In its 2021 Investor Day held Friday, Albemarle told investors that a surge in demand for lithium -- which is used to build batteries for electric cars -- is going to lift its profits in 2022.