Lithium stock price jumped 2.2% to $18.78 after updated commodity research suggested a supply deficit emerging in the lithium market by mid-2025, spurring aggressive positioning from institutional investors. The funds will go towards a joint venture project between Lithium Americas and General Motors called Thacker Pass. The site in Nevada is the largest known lithium deposit in the United States. Lithium is needed to produce lithium-ion batteries used in cell phones, laptops and electric vehicles. While the DOE news sure is positive for Lithium Americas shares, investors must still tread with caution as the rally this morning may have priced in much of the near-term upside already. Lithium stock price is currently hovering at $17.92, after a week of mixed trading. Macro data relating to global EV sales is expected to fuel the next price movement, with traders watching the $18 psychological level closely.