Lithium Americas Stock Drops After HSBC Cut: Why Thacker Pass Is Back Under Scrutiny
Shares of Lithium Americas Corp. slipped Tuesday, with HSBC sticking to its Hold rating and trimming its price target. That move reignited concerns about cost and execution risk tied to the Thacker Pass lithium project, just a day after the stock’s brief rally. The miner’s shares, listed on the NYSE, hovered near $4.95 as of 10:00 a.m. ET, off from Monday’s $5.25 close. Trading swung between $4.77 and $5.06 during the session.
