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Why Lithium Americas Stock Powered Higher Today

TheMotleyFool

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Why Lithium Americas Stock Powered Higher Today: https://g.foolcdn.com/editorial/images/842951/lithium-salt-piles-next-to-a-brine-tank.jpg

Lithium Americas (NYSE: LAC) stock, one of a handful of lithium mining start-ups featuring zero profit and zero revenue, gained 8.2% through 11:55 a.m. ET this morning on positive news out of China for the lithium industry.

As Reuters reports, Ganfeng Lithium Group chairman Li Liangbin is forecasting 30% to 40% growth in global Lithium demand in 2026.

Image source: Getty Images.

Source Fool.com