Lithium Argentina (NYSE:LAR) is one of the best rare earth stocks to buy right now<\/strong>. On March 24, analysts at BMO Capital touted Lithium Argentina (NYSE:LAR)\u2019s improving cost performance, which offsets the challenges of not achieving a battery-grade product. Consequently, the research firm raised its price target of the stock to $7 from $6 while reiterating a Market Perform rating.<\/p>\n According to the research firm, Lithium Argentina is benefiting from improving conditions in the Lithium market, which continue to support its cost profile. In addition, it should capitalize on battery applications that can leverage its technical-grade lithium.<\/p>\n BMO Capital is also confident that strong fundamentals will allow Lithium Argentina to secure funding for the Cauchari Stage 2 project in Jujuy province, Argentina. The project is expected to cost the company about $1 billion in combination with Ganfeng. The Updated Estimate at Cauchari-Olaroz, combined with Pozuelos-Pastos Grandes, represents the largest-scale and highest-quality lithium brine portfolios globally.<\/p>\n Lithium Argentina (NYSE:LAR) is a resource company specializing in the development and operation of lithium brine projects in Argentina\u2019s \u201cLithium Triangle\u201d. It produces lithium carbonate for electric vehicle batteries, primarily operating the large-scale Cauchari-Olaroz project in partnership with Ganfeng.<\/p>\n While we acknowledge the potential of LAR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/strong>.<\/p>\n<\/div>\n<\/div>