Business
Vulcan (ASX:VUL) share price rises 20% and breaks new record. Here’s why.
The Vulcan Energy Resources Ltd (ASX: VUL) share price rocketed up 20% to a new all-time high of $2.83 in early trade today. This comes after the lithium producer announced new regulations from the European Commission into lithium-ion battery production.
While the All Ordinaries Index (ASX: XAO) is down 0.17% at 6,905 points, the Vulcan share price is breaking new ground, currently trading up 15.3% at $2.71.
What’s driving the Vulcan share price to new highs?
As global attention turns toward climate change, the European Commission has proposed new mandatory requirements on carbon footprints from lithium miners. Vulcan says this will complement the company’s aim to become the world’s first zero carbon lithium producer.
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