Lithium stocks up on Biden's comment on govt contracts

American Lithium

16/11/2020 22:24

** U.S.-listed shares of Canadian lithium miner Lithium
Americas  LAC.N ,  LAC.TO  up 1.3% at $12.11 in extended trade 
    ** U.S. President-elect Joe Biden says no government
contract will be given to companies that do not make products in
the United States  urn:newsml:reuters.com:*:nL1N2I10M4
    ** Lithium Americas is focused on development of two lithium
projects, of which the Lithium Nevada project is located in
north-western Nevada in the U.S.
    ** Shares of other lithium miners Livent Corp  LTHM.N ,
Albemarle Corp  ALB.N  and American Lithium Corp  LI.V , which
have production facilities within the United States, closed up
between 5.3% and 11%      
    ** Meanwhile, Canada said it will press the new U.S.
administration for an integrated "Buy North America" approach, 
following Biden's announcement  urn:newsml:reuters.com:*:nT5N2FK01W

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))