Thread: The Dimming
View Single Post
  #10  
Old 10-16-2024, 05:36 PM
Amanah's Avatar
Amanah Amanah is offline
This is still that!


 
Join Date: Jul 2011
Location: Sebastian, FL
Posts: 9,839
Re: The Dimming

Here are the top three lithium mines in the United States, including their financial performance and stock price trends:

- *Thacker Pass Lithium Mine (Nevada)*
- _Owner:_ Lithium Americas (LAC) (NYSE)
- _Market Cap:_ $2.5 billion
- _Partners:_ General Motors, Ganfeng Lithium
- _Investors:_ General Motors ($650 million)
- _Production Capacity:_ 66,000 MT of lithium per year
- _Project Status:_ Construction underway, expected to start production in 2026
- _Economic Benefits:_ Creating 1,000+ jobs during construction, 300+ permanent jobs
- _Financial Performance:_ Lithium Americas reported a net loss of $73.4 million in Q2 2024 ¹
- _Stock Price Trend:_ LAC stock has fluctuated between $17.50 and $30.50 in the past year

- *Carolina Lithium Project (North Carolina)*
- _Owner:_ Piedmont Lithium (PLL) (NASDAQ)
- _Market Cap:_ $550 million
- _Partners:_ Tesla, BMW, and others (MOUs signed)
- _Investors:_ N/A
- _Production Capacity:_ 30,000 MT of lithium hydroxide per year
- _Project Status:_ Permitting and development phase, targeting production start in 2026-2027
- _Economic Benefits:_ Creating 500+ jobs during construction, 300+ permanent jobs
- _Financial Performance:_ Piedmont Lithium reported a net loss of $12.6 million in Q2 2024 ¹
- _Stock Price Trend:_ PLL stock has fluctuated between $40 and $80 in the past year

- *Silver Peak Lithium Mine (Nevada)*
- _Owner:_ Albemarle (ALB) (NYSE)
- _Market Cap:_ $20 billion
- _Partners:_ N/A
- _Investors:_ US Department of Defense
- _Production Capacity:_ 6,000 MT of lithium per year (expanding to 50,000 MT)
- _Project Status:_ Operating since 1966, expansion planned
- _Economic Benefits:_ Investing $30 million in the expansion, supporting local economy
- _Financial Performance:_ Albemarle reported a net income of $755.4 million in Q2 2024 ¹
- _Stock Price Trend:_ ALB stock has fluctuated between $130 and $250 in the past year

The global lithium market size was estimated at $31.75 billion in 2023 and is expected to grow at a CAGR of 17.7% from 2024 to 2030 ¹.

~meta
__________________
All that is gold does not glitter, Not all those who wander are lost; The old that is strong does not wither, Deep roots are not reached by the frost. ~Tolkien
Reply With Quote