Livent Corp (NYSE:LTHM) shares are trading higher by 2.71% to $21.21 during Monday's session, rebounding following news last week Chile's President Boric announced a plan to nationalize Chile's lithium industry.
Chile is the world's second largest producer of lithium and holds the world’s third largest reserves of the metal, which is used to make electric vehicle batteries.
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In 2022, Chile accounted for nearly one-third of global lithium production, with its lithium mine output estimated at 39 thousand metric tons.
See Also: Elon Musk Says Lithium Is Common Everywhere, Chile's Economy Minister Politely Corrects Him
According to data from Benzinga Pro, LTHM has a 52-week high of $36.38 and a 52-week low of $18.26.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.