The AVZ Minerals (ASX:AVZ) share price jumped 18% to a 52-week high today

The AVZ Minerals Ltd (ASX: AVZ) share price was on form again on Thursday.

The lithium-focused mineral exploration company’s shares jumped 18% to a 52-week high of 23 cents.

When the AVZ Minerals share price hit that level, it was up an impressive 350% since this time last year.

Why is the AVZ Minerals share price at a 52-week high?

Investors have been buying the company’s shares recently after lithium prices stormed to two-year highs.

While the company will not benefit directly from these high prices as it is still a long way from production at the Manono Lithium and Tin Project, the favourable market conditions increase the likelihood that its operation is actually constructed.

A final investment decision on the project is…