Lithium Americas shares have the potential to double and much more.

Lithium Americas has been a disappointment in its short life since it began trading publicly in October. Share prices of the stock have fallen from $10 to their current price of approximately $4.

The reason for the steep decline isn’t difficult to understand. The lithium prices that the company will mine in the future have collapsed. So, even though Lithium Americas owns the right to the largest lithium resource in the Western Hemisphere, prices have tanked.

Yet, Lithium Americas is strategically positioned such that continued investment into the firm is all but assured. There is almost no chance the company will fail to grow into one of the most prolific lithium producers in the coming years. That is one of the primary reasons that consensus price targets suggest a near quadrupling from current levels. Lithium prices will rebound as EVs transition past the early adoption phase. Lithium Americas is one of the best bets to benefit from that rebound. $Lithium Americas(LAC.US)$