Here’s why the Galaxy (ASX:GXY) share price is pushing higher today

The Galaxy Resources Limited (ASX: GXY) share price is pushing higher on Tuesday morning.

At the time of writing, the lithium producer’s shares are up 2% to $2.28.

Why is the Galaxy share price pushing higher?

Investors have been buying Galaxy shares this morning following the release of an update on its James Bay Lithium Mine Project in Québec, Canada.

According to the release, the Preliminary Economic Assessment (PEA) for the project is complete. That assessment found that the project is a viable, near-term supplier of spodumene to feed the emerging electric vehicle value chains in North America and Europe.

Management estimates that…