Lithium stocks set to rally again on Apple's EV update

Arcimoto

23/12/2020 13:53

** Lithium stocks set to rally again after report that Apple
 AAPL.O  is planning to move forward with electric car
production
    ** Lithium Americas  LAC.N  jumps 8.4% premarket after
surging 21% in the previous session; Livent  LTHM.N  up 3.7% -
set to open near a record high hit in late 2018; Albemarle
 ALB.N  up 1.5% - on course to extend its record run 
    ** Sources told Reuters on Monday that Apple was targeting
2024 to produce a passenger vehicle that would include its own
battery technology
    ** Lithium is used to make electric vehicle (EV) batteries
    ** Other EV stocks Blink Charging  BLNK.O  (-4.7%), electric
truck maker Workhorse Group  WKHS.O  (+1%), Arcimoto  FUV.O 
(+1.3%) and Microvision  MVIS.O  (-10.5%) rallied in the
previous session following the Apple report 
    ** Heidenburg Research said on Tues it shorted MVIS, calling
it a "misguided retail euphoria" amid a broad EV bubble

 (Reporting by Sruthi Shankar in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))