Business
Are ASX lithium shares poised for the next leg up?
ASX lithium shares have staged the perfect comeback story, with the likes of Galaxy Resources Limited (ASX: GXY), Orocobre Limited (ASX: ORE) and Pilbara Minerals Ltd (ASX: PLS) delivering triple digit returns since October last year.
A lithium revival
There has been a global trend for a green-led recovery and the push for carbon neutrality has been gaining momentum.
China is the world’s largest electric vehicle (EV) consumer, with the government previously extending its US$2 billion in EV stimulus and subsidies to 2020. The Chinese Government is targeting a 20% EV penetration rate by 2025 and has pledged to become carbon neutral by 2060.
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