Rick RuleLithium Americas CorpLAC.TODON'T BUYMay 31, 2024

One-year chart shows a big runup, pullback, and sideways consolidation. Now stock's broken out, looks positive. Likely going to retest highs ~$12. Look at the 5-year chart. Recent moves tell you that something is definitely changing. 

A single stock opens you up to stock-specific risk. For the general investor or those just dabbling in the space, it's best to play the broader theme via an ETF unless you have high conviction or a lot of information on a particular stock. LIT, for example, is an aggregate of rare-earth metal plays. 

He'd probably take the North American play. Lithium market is on the verge of becoming over-, not under-, supplied. Argentinian assets are higher quality, buy still thinks NA assets will gain more favour.

There's lithium everywhere. It's going to be an opportunity for EVs. But if you look at the price of a giant like ALB, the shares have come down, and that's just gravity taking hold of high valuations. If you need to sell, sell. Restructuring restricted share trading earlier this week.

Small commodity, growing a lot. Under pressure, because lithium is under pressure with new mines coming on. It will come down to economic execution. Good assets. Be cautious in short term, as momentum is against it. Sub-$15 is a good level.

Lithium is becoming more relevant with EVs, it will just take some time. Takes a lot of capital up front, to mine, and to sell. Demand/supply cycles are not always clear cut. 

In the next 10-20 years we won't have enough copper or lithium as we electrify the world. The market for lithium has changed in the past 5 years. This is a long-term investment, but will see bumps along the way. Buy a little and monitor it.

There's intense interest in lithium as the market seeks a reliable supply of it to help build EVs. LAC is a mid-cap, so it has some stability. Shares have been bouncing with a decent base at $25. Is set up for a near-term rally. Have a decent balance sheet.

The challenge with lithium is where it's located and who contols that. Namely, Chile just announced it will nationalized lithium (in the next few years). Yes, you want to be part of the EV play, but base metals aren't the way to do it. Albemarle, for instance, is too volatile.