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MarketBeat
MarketBeat
Gabriel Osorio-Mazilli

Lithium Americas Rally Lifts Other Rare Earth Stocks

Lithium Americas lithium Earth Albemarle ALB UEC Uranium Energy uranium MarketBeat

Shares of Lithium Americas Inc. (NYSE: LAC) jumped by just over 90% in a single day, a reaction that came after President Trump announced that the United States government would be taking a stake in the company. The rare earth metals supply worldwide is becoming a major focus point in the current agenda, and as trade negotiations with China intensify, it is logical that this consolidation is deemed important today.

That being said, this isn’t the only acquisition happening in the market right now. The government has also bought a multi-million-dollar stake in Intel Corporation (NASDAQ: INTC) as part of another consolidation effort in the technology sector.

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