JPMorgan Sees Opportunity in Thacker Pass | Durham News

Lithium prices crashed from $70K to $14K per ton in just two years, killing momentum for U.S. projects — until JPMorgan saw opportunity and upgraded Lithium Americas, betting on its massive Thacker Pass mine, backed by GM and now with a DOE equity stake. With the U.S. having only one major lithium operation and global supply lagging, Wall Street’s cautious consensus may be about to shift — if Thacker Pass can actually ship before funding runs out.

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