Massive Gains: 10 Stocks Investors Can’t Stop Buying

6. Lithium Americas Corp. (NYSE:LAC)

Shares of Lithium Americas rallied to another all-time high on Thursday, as investors continued to load up positions following news that the US government was keen on acquiring a sizable stake in the company.

In intra-day trading, Lithium Americas Corp. (NYSE:LAC) soared to its highest 52-week price of $7.53 before paring gains to end the day just up by 22.63 percent at $7.37 apiece.

According to a report by Reuters, the Trump administration was setting its sights on a 10-percent stake in the lithium developer, as it sees the company supporting domestic lithium production and bolstering the production of rechargeable batteries.

General Motors, which is partnering with Lithium Americas Corp. (NYSE:LAC) for the development of the Thacker Pass Mine in Nevada, also rallied following the report.

Thacker Pass, which secured a $2.26 billion loan from the Department of Energy under the Biden administration, is expected to be fully operational by 2028 and become the largest supplier of lithium in the Western Hemisphere.