Lithium Americas' technical momentum is improving with a long-term bottoming pattern and favorable risk-reward ratio. See why I think LAC has solid upside ahead.

Canada’s Lithium Americas said General Motors will boost investment in the miner’s Thacker Pass project, which produces the critical ingredient for electric-vehicle batteries.

Canadian miner Lithium Americas said on Wednesday General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada. U.S. automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a competitive market.

Unlocking funding and pending loans, Lithium Americas offers strong long-term potential in the growing lithium market despite economic risks. Learn more on LAC stock here.

General Motors Inc will commit $625 million toward what’s likely to be one of the biggest US lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical for electric vehicles.