Business
Are ASX lithium shares staging a comeback in 2021? – The Motley Fool Australia
Why 2021 could be the comeback year for ASX lithium shares on the back of higher prices and expanding production
ASX lithium shares have truly tested the resolve of long-term shareholders after more than two years of negative returns.
The industry has been in survival mode since lithium prices spiralled lower after spot prices peaked in 2018. This was driven by an influx of producers and supply, on dwindling demand.
In recent months, the Galaxy Resources Limited(ASX: GXY), Orocobre Limited(ASX: ORE) and Pilbara Minerals Ltd(ASX: PLS) share prices have staged epic recoveries, delivering triple digit returns…
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