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Lucid Group Trading Volume Drops 48.46% to $279 Million Despite Strategic Supply Chain Moves
Generated by AI AgentAinvest Volume Radar
Friday, Jun 6, 2025 8:06 pm ET1min read
On June 6, 2025,
(LCID) saw a trading volume of $279 million, marking a 48.46% decrease from the previous day. The company's stock price rose by 0.94%.Lucid Group has recently strengthened its supply chain by signing a multi-year agreement with Graphite One. This deal will ensure a steady supply of natural graphite, a crucial component for battery production, sourced from the Graphite Creek deposit near Nome, Alaska. The production is expected to commence in 2028, aligning with Lucid's strategy to enhance its domestic supply chain and reduce reliance on foreign sources.
In addition to the agreement with Graphite One,
has also secured a deal with Syrah Resources. These strategic partnerships are aimed at bolstering Lucid's domestic supply chain, especially in the face of ongoing trade tensions. By securing these agreements, Lucid is positioning itself to better navigate the complexities of the global supply chain and ensure a stable supply of essential materials for its electric vehicle production.
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