Scotiabank Reaffirms its Sector Perform Rating on Lithium Americas Corp. (LAC)
Lithium Americas Corp. (NYSE:LAC) is among the 7 Best Lithium and Battery Stocks to Buy Right Now.
The Fly reported on January 12, 2026, that Scotiabank reaffirmed its Sector Perform rating and lifted the price objective for Lithium Americas Corp. (NYSE:LAC) to $7 from $5. The company stated that although the growth in EV demand fell short of projections, the lithium market inflection seems to be well-supported.
Lithium Americas Corp. (NYSE:LAC) announced in the last quarter that it has received support from the United States Administration, General Motors, and other partners to promote large-scale lithium manufacturing and to improve the U.S. supply chain. The project is more certain now that the first DOE loan drawdown has been received. During the quarter, $145.9 million in construction capital costs were capitalized, totaling $720.0 million in capitalized costs. The engineering design is more than 80% complete, and the Phase 1 processing plant’s mechanical completion is scheduled for late 2027. Steel column installation, plant road completion, laydown yards, and pipe-rack section fabrication are important turning points.
Lithium Americas Corp. (NYSE:LAC) is a manufacturer of pure-play lithium.
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Disclosure: None. This article is originally published at Insider Monkey.
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