Business
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…
-
Noosa News22 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General23 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General17 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General22 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south