Why Lithium Americas Stock Crashed Today
Shares of lithium mining company Lithium Americas (NYSE: LAC) crashed in Tuesday trading and are down 11.5% as of 1:20 p.m. EDT. This was the stock's third straight "down" day since reaching a recent high above $19 late last week.
Who's to blame for Lithium Americas investors' recent run of bad luck, though? You may be surprised to learn that it's actually larger lithium miners Albemarle (NYSE: ALB) and Livent Corporation (NYSE: LTHM) -- and the bank that warned against buying them yesterday.
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Source Fool.com
