LITHIUM AMERICAS: High vola utilized... +93%!

The share price of the future lithium carbonate producer - from 2028 at the earliest - LITHIUM AMERICAS has undergone huge price capers since the US government's commitment. Last week alone, prices ranged from USD 6.64 to USD 10.20... an enormous difference of around 54%. This plays or played perfectly into our hands: We were able to implement the announced sale well above the price target, specifically on October 9 at USD 8.19 (foreign exchange: 0.8050). All in all, this resulted in a final realized profit (including the spin-off and the proceeds from Lithium Argentina) of exactly +93%! Considering the lower closing price last Friday - USD 6.79 - and in view of the still "listless" lithium price per ton, we are very satisfied with the result! The US government's participation in LITHIUM AMERICAS creates confidence and thus a certain degree of security, but ultimately the lithium price will have to decide! Basically, we remain positive about this raw material, even if a shortage is not an issue at present; this can change quickly at any time! Should the share actually come close to our former purchase price again - nothing is impossible - we will re-enter the stock at a limit of USD 4.25, subject to a continued positive outlook. An exciting share on the "never-ending hurdle race"! And if there is no more entry here... we will remain invested in ALBEMARLE and "buy"!

LITHIUM AMERICAS is listed on the NYSE in New York under the symbol LAC, the security number is 39'040'806, last price approx. USD 6.99.