As global EV sales continue their ascent, the American market has demonstrated some aversion to our electrified future. Still, stateside adoption is slowly but steadily growing, and Lithium Americas (NYSE:LAC) (TSE:LAC) finds itself in a unique position to profit from the expanding North American EV battery supply chain. Despite its one-year loss of 60%, I am bullish on the stock. In 2022, the price of battery-grade lithium carbonate, which is measured in Chinese Yuan, reached its all-time high
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The EUR/USD chart currently exhibits a bullish overall momentum, indicating strength in the Euro relative to the US Dollar. However, the chart suggests a potential scenario where price could fluctuate between the 1st resistance and 1st support levels.
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