Lithium Americas

JPMorgan raises lithium price assumptions, sees 100% upside potential for Lithium Americas Corp. and sets the price target at $6. The Thacker Pass project relies on robust construction execution and a projected 2026 investment of up to $1.6 billion. Management is using loans and partnerships strategically to build a domestic battery supply chain in North America. » Mere på finanzen.net

JPMorgan upgraded Lithium Americas from “Neutral” to “Overweight” and set a $6.00 (C$8.00) price target, implying roughly 100% upside. The bank raised its lithium price assumptions after internal commodity analysis; lithium carbonate equivalent levels are cited at $22.30/kg and an supply deficit is expected through the end of the decade. JPMorgan sees a significantly higher net asset value from 2029 and highlights the strategic importance of the Thacker Pass project in Nevada, with project planning over 95% complete and procurement over 80% complete. The stock rose 3.3% in premarket trading after having fallen about 35% over the past six months and trading near its 52-week low. » Mere på de.investing.com

Goldman Sachs initiated coverage of Lithium Americas with a Neutral rating and $4.50 target, citing Thacker Pass as likely the first major U.S. lithium capacity but noting construction and operating risks. The company reports mechanical completion targeted in late 2027, over 1,300 workers on site and detailed engineering >95% complete, with procurement >70% done. Lithium Americas held about $1.2 billion in cash and restricted cash at March 31 and expects 2026 capex of $1.3–1.6 billion for Thacker Pass Phase 1. Shares are down more than 13% year to date. » Mere på finance.yahoo.com