ASX lithium shares are soaring. Is it too late to jump onboard?

When lithium prices finally bottomed in late 2020, depressed ASX lithium shares were quick to re-rate. This resulted in the shares doubling or even tripling in a matter of months.

Investors might be left with an all too familiar feeling sitting on the sidelines and watching shares run up. 

With ASX lithium majors Galaxy Resources Limited (ASX: GXY), Orocobre Limited (ASX: ORE) and Pilbara Minerals Ltd (ASX: PLS) quickly running into multi-year highs, is it too late to consider ASX lithium shares? 

Higher spot prices to drive valuation  

It might be worth looking at ASX iron ore shares that have experienced a similar narrative of surging demand and sky-high share prices. 

China’s significant infrastructure-focused stimulus…