The Zhitong Finance App learned that the US stock of Lithium Americas (LAC.US) closed up 14.77% on Monday, and the stock price hit a record high of 40.96 US dollars.
Lithium Americas said late last week that the company purchased about 23.4 million additional shares of the Canadian company Arena Minerals at a price of $10 million, increased its holdings to about 18%, and obtained options for its future Cauchari-Olaroz lithium project in Argentina. Additionally, the company agreed to buy Millennial Lithium for about $400 million in cash plus shares; J.P. Morgan believes the deal will increase the company's net present value and have the potential for synergies.
In addition to Lithium Americas, other lithium stocks also rose, including: Standard Lithium (SLI.US) closed up 9.56%, Rock Tech Lithium (RCKTF.US) closed up 9.43%, Livent (LTHM.US) closed 6.28%, and ALB.US (ALB.US) closed up 3.39%.